Spring Optimism for NYC Condo Sales
Spring Optimism for NYC Condo Sales
All signs are pointing to a fairly healthy spring season for the sales of new condominium apartments in the city, according to a new report released Thursday that tracks the new development market. — “February condo sales fuel optimism for spring,” Crain’s New York Business, March 15, 2012.
NEW YORK — Condominium sales activity in Manhattan and Brooklyn has been strong in the typically a slow month of February, signaling heightened activity for the busy spring season ahead.
What this means for buyers and sellers is likely that more people will be looking for apartments, which will be more plentiful, and that sales listings are going to move more quickly into contract.
With mortgage rates near all-time lows, it’s a great time to buy. The increased activity also bodes well for sellers.
As always, if you or someone you know is thinking about buying, selling or renting property in New York, please let me know.
[...] in the past few weeks suggest that the robustness of the condo market in Manhattan and Brooklyn recently predicted was taking hold. Share this:MoreLike this:LikeBe the first to like this [...]
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