Manhattan’s Luxury Market Logged Its Busiest Week Amid Housing Slump

  • 📰 RobbReport
  • ⏱ Reading Time:
  • 24 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 63%

United States News News

United States United States Latest News,United States United States Headlines

Despite U.S. housing affordability hitting a low, Manhattan’s luxury market posted a banner week.

The Sony 55-Inch Bravia XR 4K Ultra-HD Television in Now at Its Lowest Price, Thanks to Amazon Prime Big Deal Daysprices and high interest rates have put a pin in real estate sales for many potential buyers. In 2022, mortgage rates grew from 3 percent to a record high of, while a lack of inventory further crimped affordability. In fact, the market has gotten so expensive that U.S.

“The weekly total racked up $228.7 million in sales, the highest dollar value since July 10-16, when 24 contracts were signed totaling $246.95 million,” said Donna Olshan, president of Olshan Realty, in the report. with an asking price of $24.97 million, down from $32 million when it was first listed in 2016. The 5,211-square-foot residence features soaring 26-foot ceilings, four bedrooms, and five-and-a-half baths. The second-highest transaction was a $19.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 309. in US

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Treasury-market selloff has become the worst bond bear market of all time, according to BofAJoseph Adinolfi is a markets reporter at MarketWatch.
Source: MarketWatch - 🏆 3. / 97 Read more »