New York City Real Estate Stalls!
With higher interests rates, sky-high prices and new tax laws limiting mortgage interest and state and local tax deductions, Manhattan real estate is in a funk. Sales are down 16.6 percent from 2017 and median sale prices down 7.5 percent to $1.1 million. Manhattan sales in the June, 2018 quarter were at their lowest point in nine years. src: www.brickunderground.com