Manhattan home sales tumble as buyers push back

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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 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% in the.

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NYC Apartment Tour: $3.6 MILLION LUXURY APARTMENT Existing Home Sales Tumble YoY For 14th Month – Worst Run Since Housing Crisis 05-21-2019 https://www.zerohedge.com, By Tyler Durden. Existing home sales were the odd one out in March (falling as new- and pending-home-sales spiked) but expectations were for a catch-up rebound in April, but did not, dramatically missing the expectation of a 2.7% rise by dropping (again) by 0.4% MoM.

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Manhattan rents tumble by the most in nearly 7 years even after landlords offer a ton of freebies.. Manhattan home sales plunge to the slowest pace since 2009 as buyers fight for bigger discounts

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% 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 Estate.

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The added supply is expected to push home prices lower as buyers gain the upper hand. "Price adjustment is the trigger," Cervi said. "That’s what brings people back into the market." The wealth of the Hamptons real-estate market is closely correlated with those of nearby Manhattan, another real estate market that is quickly cooling.