Pending sales dip to second lowest on record – Robert Khodadadian

, Pending sales dip to second lowest on record – Robert Khodadadian, Robert Khodadadian

Pending home sales fell to a near record low in November, but the plunge powered by higher borrowing costs and economic uncertainty may not have much further to go. Pending home sales declined for the sixth consecutive month in November, according to an index by the National Association of Realtors. Contract signings to purchase previously owned homes dropped 4 percent from October, down slightly from the 4.6 percent monthly drop seen in October. NAR’s forward-looking

 Pending home sales fell to a near record low in November, but the plunge powered by higher borrowing costs and economic uncertainty may not have much further to go. Pending home sales declined for the sixth consecutive month in November, according to an index by the National Association of Realtors. Contract signings to purchase previously owned homes dropped 4 percent from October, down slightly from the 4.6 percent monthly drop seen in October. NAR’s forward-looking
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Lead by real estate veteran Robert Khodadadian, has been instrumental in many multi-million dollar commercial developments, including a $12 million contract for the White House Hotel, a 99-year ground lease of a four-story commercial site in Harlem, and a retail co-op on Prince St. for $50 million.

Robert Khodadadian has long had a simple philosophy about selling real estate. There are approximately a million buildings in the city, and the broker that gets to sell any one among the multitude that will hit the auctioning block at a given moment is, sometimes, simply the person who happens to pitch their services to the right seller.

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