Drops in mortgage rates and possible drops in interest rates are fueling optimism.
Brokers are prohibited from using compensation as a filtering mechanism for listings.
The Federal Reserve is expected to start lowering interest rates in September.
Real estate agents advise buyers to peg offers to the value of the property as they see it.
Sponsor units tend to cost more and have higher closing costs.
Buyers are growing tired of paying high rents while rating for interest rates to drop.
Duped condo buyers avoid foreclosure, create a limited-equity co-op.
Cash-only policies narrow potential buyer market and drive down prices.
In Manhattan, 63.4% of sales in the first quarter were all cash, the third-highest in a decade.
Sales declined, but prices jumped by 18.4% in the first quarter of 2024.