manhattan buyers return to big apple: Big Apple buyers return to snatch up prime Manhattan real estate
- 07/17/10 11:26 AM
The Big Apple's perennial home-buying season kicked into high gear this spring and residential firms are reporting that buyers have come back to Manhattan in droves to snatch up apartments - especially with the rock-bottom mortgage rates and tax incentives.According to the Real Deal, although the reports showed housing prices were either flat or up modestly compared with last year, sales of co-ops and condos reached pre-recession heights.According to Halstead Property's 2nd Quarter 2010 Market Report Manhattan apartment closings rose 81% compared to a year ago, reaching their highest level since the third quarter of 2008. The average sale price also … (2 comments)
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The Big Apple's perennial home-buying season kicked into high gear this spring and residential firms are reporting that buyers have come back to Manhattan in droves to snatch up apartments - especially with the rock-bottom mortgage rates and tax incentives.According to the Real Deal, although the reports showed housing prices were either flat or up modestly compared with last year, sales of co-ops and condos reached pre-recession heights.According to Halstead Property's 2nd Quarter 2010 Market Report Manhattan apartment closings rose 81% compared to a year ago, reaching their highest level since the third quarter of 2008. The average sale price also … (2 comments)
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