Manhattan home resales rebound as sellers agree to cut prices
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
New York
MANHATTAN home resales climbed for the first time in a year and a half as sellers agreed to lower prices in order to seal deals before inventory and interest rates rise further.
Completed purchases of previously owned homes rose 7.7 per cent in the first quarter from a year earlier, reversing a stretch of five consecutive periods in which resales declined, according to a report released on Tuesday by appraiser Miller Samuel Inc and brokerage Douglas Elliman Real Estate.
Copyright SPH Media. All rights reserved.
TRENDING NOW
Ministry of Home Affairs Permanent Secretary Pang Kin Keong to retire
Shelving S$5 billion office redevelopment plan proved ‘wise’ as geopolitical risks mount: OCBC chairman
Richard Eu on how core values, customers keep Singapore’s TCM chain Eu Yan Sang relevant
China pips the US if Asean is forced to choose, but analysts warn against reading it like a sports result
