New York real estate hit by coronavirus, market decline

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Coronavirus fears are starting to hit the New York City real estate market

Sellers are now even more reluctant to list their homes, fearing falling prices and the risks of having strangers touring their apartments as the new coronavirus spreads.Manhattan real-estate was already in a two-year slump.

There were 44 open houses that had zero traffic the weekend of March 7-8, according to Fritz Frigan, executive director of sales and leasing at the New York residential real estate brokerage Halstead. Those 44 empty open houses represented 13% of all open houses, up from 9% two weeks earlier.per open-house from an average of 5.6 on Feb. 23, before the virus was reported in New York.

 

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New York real estate just got a test kit for COVID-19 Results: Positive Self Quarantine for 2 weeks

studios now at 1.150.000 in stead of 1.200.000

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