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…

New York City’s housing market has become ‘completely unpredictable — no one knows what path it will take’

New York City’s housing market has become ‘completely unpredictable — no one knows what path it will take’

It’s getting real spooky in the New York City housing market this quarter. The real-estate sector is still adjusting to rising mortgage rates, recession fears, and a strong job market.  But “the prevailing mood in New York City is one of disquiet,” a new report from Coldwell Banker Warburg. The report is the company’s third-quarter…