Reginal Thomas
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Reginal Thomas in reginal thomas,

Home Sales In Manhattan Are On The Rise


Home sales in Manhattan went up for the third straight quarter reaching levels that haven't been seen since 2007, this might be due in part to buyers trying to take advantage of low interest rates before they get any higher. Sales in condos and co-ops were up 30% compared to the same time last year at 3,837. The numbers were low in September as expected because for some reason everything goes to hell in September. Sales fell 22% compared to a year earlier to 4,567. To me this looks like a trend that started in England a few months ago and is just making its way across the pond to Manhattan.