Manhattan home sales tumble as buyers push back

"This Is The Breaking Point" – Manhattan Home Sales Plunge. – 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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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.

(Bloomberg) — 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.

Amazon is a long way from settling down in its chosen N.Y. home On Wednesday, an Axios report citing unnamed sources said the president has wondered if there’s a way to "go after Amazon with antitrust or competition law." Trump reportedly wants to knock Amazon’s.Rising rates now affecting purchase mortgage application activity rising interest rates don’t mean you can’t find a mortgage that works for you. The rate hike by the Fed is minor and isn’t likely to squeeze too many consumers out of being able to buy a home.You might have to reconfigure what you put down versus what you pay monthly, but as Smoke emphasizes, mortgage rates differ from day to day and lender to lender.Hamptons homebuyers hold off while waiting for lower prices

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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.

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Manhattan home resales fell in the fourth quarter as buyers wavered ahead of the expected tax overhaul and stood firm in their refusal to overpay. Sales of previously owned condos and co-ops dropped 11% from a year earlier to 2,127, appraiser Miller Samuel Inc. and brokerage Douglas Elliman Real Estate said in a report Wednesday.