While $3 million could get a giant yard, pool and home theatre in a lot of neighborhoods, people in New York City are struggling to secure an apartment for less than $3 million. In result, buyers are starting to take out a mortgage or waiving a mortgage contingency in order to secure a home, Bloomberg reported.
Manhattan home prices force buyers into mortgages
Supply of $3 million homes begins to disappear
Most Popular Articles
Latest Articles
Lower mortgage rates attracting more homebuyers
An often misguided premise I see on social media is that lower mortgage rates are doing nothing for housing demand. That’s ok — very few people are looking at the data without an agenda. However, the point of this tracker is to show you evidence that lower rates have already changed housing data. So, let’s […]
-
Rocket Pro TPO raises conforming loan limit to $802,650 ahead of FHFA’s decision
-
Show up, don’t show off: Laura O’Connor is redefining success in real estate
-
Between the lines: Understanding the nuances of the NAR settlement
-
Down payment amounts are exploding in these metros
-
Commission lawsuit plaintiff Sitzer launches flat fee real estate startup
