Why Manhattan Home Sales Are Plunging
  • 6 years ago
The pace of condo and co-op sales in Manhattan slowed in the first quarter to an almost nine-year low, according to the real-estate appraiser Miller Samuel and Douglas Elliman Real Estate. Buyers got more aggressive about negotiating discounts amid rising mortgage rates and uncertainty about the new tax law's effects. The total number of sales, at 2,180, was the lowest in more than six years.
Recommended