Three signs NYC homesellers are losing leverage – Robert Khodadadian

, Three signs NYC homesellers are losing leverage – Robert Khodadadian, Robert Khodadadian

New York City’s housing market has slowed in recent months, but the tides appear to be turning as sellers lose their leverage. For-sale inventory rose year-over-year for the first time since July 2021, new data published by StreetEasy show. More New York City sellers lowered their asking prices and homes spent longer on the market longer compared to a year ago. New York City’s market is resembling 2019,”when rising inventory led to more price cuts

 New York City’s housing market has slowed in recent months, but the tides appear to be turning as sellers lose their leverage. For-sale inventory rose year-over-year for the first time since July 2021, new data published by StreetEasy show. More New York City sellers lowered their asking prices and homes spent longer on the market longer compared to a year ago. New York City’s market is resembling 2019,”when rising inventory led to more price cuts
The post Three signs NYC homesellers are losing leverage appeared first on New York.  Home Page, Residential Real Estate, Housing Market, StreetEasy The Real Deal New York 

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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