Randomguy Posted November 30, 2018 Share #1 Posted November 30, 2018 "Some 1,775 new Manhattan condos are forecast to hit the market by the end of 2018, according to Corcoran Sunshine. Of the active condo listings on the market, nearly 800 are listed for $5 million or more. In the third quarter, the median price for a one-bedroom Manhattan home was $815,000, down 4% from the same period in 2017. The volume of sales fell 12.7%. “What’s most significant about 2018 is that even the sub-$1 million market is slowing because of rising mortgage rates,” said appraiser Jonathan Miller. Rates for a 30-year mortgage averaged 4.81% in late November, up nearly a full percentage point from the beginning of the year, according to Fannie Mae and Freddie Mac. In all, there are now more than 100 Manhattan homes actively listed at more than $20 million." Link to comment Share on other sites More sharing options...
Randomguy Posted November 30, 2018 Author Share #2 Posted November 30, 2018 3 minutes ago, Randomguy said: “What’s most significant about 2018 is that even the sub-$1 million market is slowing because of rising mortgage rates,” said appraiser Jonathan Miller. I like how they talk about it like the sub one million dollar pricing is such a pittance that they cannot believe that people aren't buying at the same rate. Link to comment Share on other sites More sharing options...
donkpow Posted November 30, 2018 Share #3 Posted November 30, 2018 I'm thinking about starting a Go-Fund-Me page just for this situation. The goal is $10. 1 1 Link to comment Share on other sites More sharing options...
jsharr ★ Posted November 30, 2018 Share #4 Posted November 30, 2018 7 minutes ago, donkpow said: I'm thinking about starting a Go-Fund-Me page just for this situation. The goal is $10. put me down for .01 1 Link to comment Share on other sites More sharing options...
jsharr ★ Posted November 30, 2018 Share #5 Posted November 30, 2018 1 Link to comment Share on other sites More sharing options...
Dirtyhip Posted November 30, 2018 Share #6 Posted November 30, 2018 Very interesting. Damn, I wanna close soon. ? 1 Link to comment Share on other sites More sharing options...
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