Manhattan Market week ending September 23rd inventory as expected ticked up 7,243 and remains on trend from last year. Pending Sales 3,017; demand is down 6%. Pending Sales matching historical norms. There is a reset in the market. Fundamentally, the market is removing recovery level activity from the pending sale with post-shift level activities. Most likely, Pending Continue Reading
After a tepid August with everyone hanging out at the beach or their garden September fall season brought supply to the Manhattan Market. Finally, buyers have new inventory and aged inventory at new and improved prices to choose from. Inflation, world economic uncertainty, stock market woes, and interest rates quickly rising has impacted Contract activity. The market has Continue Reading
. Purchasing a new home can be an expensive venture. And it involves quite a bit more than just the price of a property. In order to close on a property, buyers always face a bevy of settlement costs. This includes everything from loan origination fees to appraisal charges to credit report costs. According to the Federal Reserve as a general rule of thumb, buyers spend 3% of their Continue Reading
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