Brokerage Brown Harris Stevens and Halstead Property LLC recently reported that New York real estate sales rose by 1 per cent, while the medium price sank 4 per cent to around $850,000.
Sofia Song, vice president of broker listing compilerStreetEasy.com, said “The market is bipolar. You have the luxury market driven by foreign demand, with foreigners finding Manhattan to be a relative bargain. On the other hand, you have entry-level demand with domestic buyers trying to take advantage of the record-low interest rates.”
This entry was posted by economycommentator on October 10, 2011 at 11:10 am, and is filed under Real Estate. Follow any responses to this post through RSS 2.0.Both comments and pings are currently closed.