February was a little busier than January, which was busier than all of 2023. It felt that spring was in the air after a long winter for the New York real estate market.
Read More2024 started with a busy tone for the New York City real estate market. For all of 2023, we said to our buyers that “you marry the price but not the rate”, meaning now was a good time to buy because it’s a buyer’s market and prices were negotiable.
Read MoreRates came down from their highs. Wall Street debated how soon and how much the Fed would cut rates next year.
Read MoreCompared to last May, before rates started to rise (does anyone still remember those days?!) prices were now down about 11%. Transaction volumes were down 40%. Inventory was up almost 60%.
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