“Paralysis” hits Manhattan home buyers – Robert Khodadadian

Buyers in the Manhattan housing market have lost their sense of urgency as a myriad of factors change the landscape. Agents and real estate experts have more caution among shoppers in the borough, Bloomberg reported. The reasons include a rise in mortgage rates and big drops in the stock market and cryptocurrency. While signs of a nationwide slowdown are beginning to appear, a particularity about the Manhattan market is the propensity of cash buyers, which

Robert Khodadadian is an experienced commercial real estate broker in New York City and founder of Skyline Properties. Skyline Properties specializes in off-market or “quiet” real estate transactions, allowing buyers and seller to bypass traditional avenues and extraneous expenses of high-profile listings in the New York City area. Home Page, Residential Real Estate, home sales, Housing Market The Real Deal New York Read More