Elegran Manhattan Market Update: October 2024

Rihards Gederts - Elegran | Forbes Global Properties Overall Manhattan Market Update: October 2024 More Demand, Less Supply: Renewed Buyer Activity as Interest Rates Decline In September, the Federal Reserve cut interest rates by 50 basis points—the first reduction in four years and the largest sinc

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Weekly Manhattan & Brooklyn Market Update: 9/30

Rihards Gederts - Elegran | Forbes Global Properties Manhattan and Brooklyn See Steady Supply Growth, Uptick in Contract Activity Signals Renewed Buyer Confidence Manhattan’s inventory grew by 2.4% this week to 6,781 units, though overall supply remains 2.2% lower than last year. Brooklyn’s availabl

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Weekly Manhattan & Brooklyn Market Update: 9/23

Rihards Gederts - Elegran | Forbes Global Properties The Fed Cuts Rates by 0.5% – A Positive Shift for Buyers The Federal Reserve announced a long-awaited rate cut, cutting rates by 50 rather than 25 basis points. This rate reduction is the first in four years and the most significant reduction sinc

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