It feels like dawn is finally coming. The real estate market in NYC has been in a tough spot ever since rates started to rise in June 2022.
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The real estate market in NYC saw about 15% more transactions in December 2023 than a year ago in December 2022. Is it a telltale sign that the real estate prices will recover in 2024? Prices haven’t moved but more buyers have come off the sidelines and jumped into the market to start the search.
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