The NYC real estate market was the tale of two cities in October. Total transaction volume ticked higher, even though rates moved higher and sentiment was tense. Most of our new clients were understandably quiet. But quite a few of our repeat clients, the real estate veterans, were busy putting deals together.
Read MoreThis is the first time in 3 years that the beginning of the fall came with the busy tone September usually brings.
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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