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Manhattan apartment sales declined 18% in third quarter, as rates rose and markets fell

Por: CNBC Business October 04, 2022

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Luxury high-rise apartments are viewed across Central Park South near Columbus Circle in the Manhattan borough of New York.Robert Nickelsberg Getty ImagesManhattan apartment sales fell 18% in the third quarter, as rising mortgage rates and declining stock markets put the brakes on New York's real estate comeback.The drop is the first since 2020, and marks a turnaround for the nation's largest real estate market, according to a report... + full article



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