Weekly Manhattan & Brooklyn Market: 8/28

Photo by Joey Pedras on Unsplash Week of 8/28/23 Despite 7.5% mortgage rates, consumer sentiment remains positive Although it was down from +23 last week, the Elegran | Forbes Global Properties NYC Consumer Sentiment Index (below) remains well into positive territory, registering a score of +18 this

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Weekly Manhattan & Brooklyn Market: 8/21

  Photo by Lerone Pieters on Unsplash Week of 8/21/23 Mortgage Rate Hits 21-Year High, Yet Consumer Sentiment Rises We’re 33 weeks into 2023, and for 29 of them, the Elegran | Forbes Global Properties NYC Consumer Sentiment Index (below) has been positive, increasing from +14 last week to +23 this w

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NYC Real Estate Defies Economics Amidst Skyrocketing Mortgage Rates

Robert Bye | Unsplash   In a week where mortgage rates have soared to a 21-year high, the challenges for homebuyers nationally seem insurmountable. Elevated prices, scarce inventory, and now these rates? Yet, New York City doesn't just persevere; it thrives, presenting itself as an exception in thes

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