Relevant:
- Mounting Inventory And Skittish Buyers Pushing NYC Condo Developers To Cut Deals
- Manhattan Home Sales Tumble Most Since 2009 as Buyers Walk
- Softening Manhattan's Luxury Sales Market Sends Rents Soaring
- Manhattan Homeowners Looking for 40%+ 5-Year Returns Are Responsible For Market Freeze
- Condo Flippers in Miami-Dade Left Twisting in the Wind
2013-02-12 — bloomberg.com
Manhattan condo developers, in a construction revival after the credit crisis, are raising prices on their unbuilt units as often as twice a month as buyers return from the housing slump to find there's little on the market. The borough's inventory of homes for sale fell to the lowest in at least 12 years in the fourth quarter, according to appraisal firm Miller Samuel Inc. Sales, meanwhile, were the second-highest in a decade in 2012.
source article |
permalink |
discuss |
subscribe by:
|
RSS |
email 
Comments: Be the first to add a comment
add a comment | go to forum thread
Note: Comments may take a few minutes to show up on this page. If you go to the forum thread, however, you can see them immediately.