housing prices

New York City’s Housing Market Finishes Strong in 2021; Slowdown Expected in 2022?

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New York City’s residential real estate market closed 2021 with many arguing it had the strongest performance in three decades. By mid-October, Manhattan contract signings already surpassed the previous record, which was 12,520 in 2013 (UrbanDigs). With a little under two weeks left in 2021, closings reached 14,774 (Cavanaugh, TheRealDeal). Already, that’s more than double …

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Inflation is Rising, What About Housing Prices?

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Prices are rising, nearly universally. Inflation appears to be increasing at an increasing rate. Just about all credible economists are continuing to signal the inflation warning bells, with consumers continuing to pay more for everyday necessities, such as food and gasoline (Fox, CNBC). While we’re yet to see substantive, broad housing price increases, many believe …

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NYC’s Real Estate Market: Roaring Housing Prices Show No Signs of Slowdown

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“The story that I’m seeing across the board: All segments are transacting. New York [real estate] is back, and people want to be here.” – Christopher Kromer, Brown Harris Stevens Statistically, that’s an excellent summation of New York City’s real estate market. While real estate was least of all financial asset classes hit by the …

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