Manhattan home sales tumble as buyers push back

Manhattan home sales tumble as buyers push back

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PE HUB Second Opinion – PE Hub – Manhattan home sales tumble the most since 2009 as buyers push back. Photo: The Spotify logo hangs on the facade of the New York Stock Exchange as the company lists its stock with a direct listing.

I said the same thing back in 2007. a first-time home buyer in Manhattan in a couple of years if the Fed doesn’t quickly spin on its heels and reverse its Great Recovery Rewind, as it is already.

Manhattan Home Sales Tumble Most Since 2009 as Buyers Walk. Home sales in Manhattan plunged by the most since the recession as buyers at all price levels drove hard bargains and were in no rush to close deals.. giving shoppers even more reasons to push back on a listing’s price – or walk.

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And buyers are haggling over all deals, no matter how small. In a recent sale of a two-bedroom home handled by his firm, a buyer who agreed to pay $1.5 million — after the seller cut the asking price — suddenly demanded an extra $100,000 discount before signing the contract. They agreed to meet halfway, Peters said.

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Rising rates stifle mortgage application volume Rising mortgage rates again reduce refinance application. – Higher interest rates cut refinance mortgage application volume and reduced overall activity even as the purchase index reached a nine-year high, according to the Mortgage Bankers Association. The MBA’s Weekly Mortgage Applications Survey for the week ending April 12 found that total volume fell 3.5% as the refinance index decreased 8% from the previous week.

Home sales in Manhattan plunged by the most since the recession as buyers at all price levels drove hard bargains and were in no rush to close deals. Sales of all condos and co-ops fell 25 percent in the first quarter from a year earlier to 2,180, according to a report Tuesday by appraiser Miller Samuel Inc. and brokerage Douglas Elliman Real.

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Home prices across Connecticut are still struggling to recover fully from the deep downturn of the last recession. A decade later, the median sale price statewide is still 15 percent below the peak of.

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Manhattan home sales slowed to the lowest levels in nearly a decade last quarter as buyers more forcefully negotiated discounts. In the first quarter, condo and co-op sales fell by 25%, the most.

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