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The third quarter report is out:
Manhattan housing prices continued to rise despite more listings being added to the market. Nearly half of all apartment sales went for full asking price or above asking price, the most in five years. Sales volume fell short of prior year records, but has remained high. Luxury prices rose faster than the overall market and new development activity continued to increase. Mortgage rates remained low, demand from foreign investors remained high and employment has grown quickly. Based on current conditions, we anticipate a strong market going into the new year.
http://www.elliman.com/pdf/16b026844e25697e7c1a3f0614f585e9aebd9cce
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The Zweben Team is a team of licensed real estate salespersons affiliated with Compass. Compass is a licensed real estate broker and abides by Equal Housing Opportunity laws. All material presented herein is intended for informational purposes only. Information is compiled from sources deemed reliable but is subject to errors, omissions, changes in price, condition, sale, or withdrawal without notice. No statement is made as to the accuracy of any description. All measurements and square footages are approximate. This is not intended to solicit property already listed. Nothing herein shall be construed as legal, accounting or other professional advice outside the realm of real estate brokerage. New York State Fair Housing. New York Real Estate Standard Operating Procedures.
