Real Estate

As global financial markets churn, the juxtaposition between turbulence on Wall Street and the soaring prices in Manhattan’s real estate market feels almost surreal. Recently, a penthouse on the upper echelons of Steinway Tower was listed for a staggering $110 million. Fifty years ago, such wealth was incomprehensible for most Americans, a mere residue of
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In a startling turn of events, mortgage rates have surged to their highest level in over a month, reaching an unsettling 6.85% for the 30-year fixed-rate mortgage. This uptick has completely overturned last week’s positive trajectory, where rates briefly dropped to their lowest point since last October. An alarming 22 basis points hike on Monday
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As the tumultuous waves of the stock market continue to churn, high-net-worth individuals are turning their gaze towards solid ground—Manhattan real estate. Recent data reveals a remarkable 29% surge in apartment sales during the first quarter compared to the same period last year, indicating a significant shift in buyer behavior. This meteoric rise, documented in
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