Manhattan home resales drop as tax overhaul sidelines buyers

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A state Supreme court decision opens the way for the $905 million sale of one of the city’s largest residential complexes, Spring Creek Towers, a 145-acre complex in East New York, Brooklyn, that was.

Publication: Washington State’s Housing Market is a publication of the Washington Center for Real Estate Research (WCRER) at Washington State University. Coverage: At least quarterly, the WCRER receives data on single-family home sales from each multiple listing service located in, or providing market coverage to, Washington communities. In

Manhattan home resales fell in the fourth quarter as buyers wavered ahead of the expected tax overhaul and stood firm in their refusal to overpay. Sales of previously owned condos and co-ops dropped 11% from a year earlier to 2,127, appraiser Miller Samuel Inc. and brokerage douglas elliman real Estate said in a report Wednesday.

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(Bloomberg) — Manhattan home resales fell in the fourth quarter as buyers wavered ahead of the expected tax overhaul and stood firm in their refusal to overpay.

10 Things You Need to Know Before Buying Property in New York City  · First-timers long represented about 40% of all buyers, but that share has shrunk substantially since the recession. They made up just under 30% of the market in 2015, according to the National Association of Realtors. That number fell quickly and steeply from historical levels since mid-2010, when tax breaks aimed at first-timers expired.

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Manhattan home resales drop as tax overhaul sidelines buyers Federal tax overhaul curbs 2018 sales in NYC. an uptick in mortgage rates may have resulted in a slowdown among buyers and sellers.". percentage of resales in Manhattan was on the East. Mortgage rates edged higher last week, the first increase after five weeks of declines.

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SEE ALSO: China’s HNA Group sells Manhattan building near Trump Tower And that does not account for sluggishness in the resale. buyers might also hesitate because rising rates limit their ability.