In April, concerns about tariffs and a potential recession continued to weigh on buyers’ minds. Mortgage rates have remained relatively steady, hovering between the high 6s and low 7s since last November.
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The New York City real estate market closed out 2024 on a high note, particularly in the luxury and new construction sectors, where demand is rising and supply is shrinking.
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The NYC real estate market is operating with limited optimism. Right before and after the rate cut, there was a rush of activities.
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As an investor, you ask: should I put my money in real estate or the stock market?
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Citizen360—a modern take on quintessential Upper East Side living. At the forefront of innovative design, Citizen360 offers 82 naturally elegant residences with dynamic views of the East River and Midtown Manhattan.
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One West End was also one of the last few new development projects to receive a tax abatement.
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