Elegran Brooklyn Market Update: July 2022

Overall Brooklyn Market Update: July 2022 Brooklyn Market Update The Brooklyn market noticeably slowed down this June, compared to June 2021, although, in comparison to 2014–2019, the market remains very active. Contract activity in June is down 28% compared to June 2021 and supply is down 23%. By c

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Elegran Manhattan Market Update: July 2022

Overall Manhattan Market Update: July 2022 Manhattan Market Update June marks the first month of Manhattan’s summer market and all indicators point to a return to seasonal patterns. Summer for Manhattan real estate means decreased new-to-market supply and lower contract volume. Compared to prior mon

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COVID, Optimism & Mortgage Rates: Pulling the Strings on the New Development Market

Photo by LinkedIn Sales Solutions on Unsplash After roaring back from pandemic lows, new development absorption peaked in April 2022 and subsequently began a slow reversion towards the mean for the remainder of the year: However, mortgage rates began to rise rapidly at the beginning of 2022, acting

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