New York City’s real-estate sector is going through ‘5 stages’ of grief

New York City’s real-estate sector is going through ‘5 stages’ of grief

The housing market downturn didn’t spare the Big Apple. High mortgage rates and low demand from buyers depressed sales in New York City in 2022, according to a new report by real-estate agency Coldwell Banker Warburg. “Buyer caution reasserted itself through all price ranges as increasingly anxious sellers went through the five stages of real-estate…