0 minute readWhile $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
August 7, 2013, 1:12pm
Articles written by HousingWire Staff are non-bylined, and typically involve press release coverage and aggregation of coverage appearing elsewhere. So who put all these together? Our entire staff does!see full bio
Most Popular Articles
Latest Articles
D.R. Horton Bets Big On AI-powered Land Technology
Prophetic, an AI-driven platform that automates the initial land discovery and analysis process for homebuilders and developers, just announced an organization-wide partnership with D.R. Horton. Oliver Alexander, Founder & CEO at Prophetic, tells The Builder’s Daily that the platform will be rolled out across all of D.R. Horton, Forestar, and DHI engineering in a blanket […]
Articles written by HousingWire Staff are non-bylined, and typically involve press release coverage and aggregation of coverage appearing elsewhere. So who put all these together? Our entire staff does!see full bio
