The Coronavirus (COVID-19) has impacted the Manhattan property market, although at a negligible level when compared to how it impacted the stock market.
For buyers, mortgage rates are at 50-year lows. Sellers are holding off on listing their property amid concerns about dampened prices and exposure to large groups coming to their apartment for open houses.
Read more at: Coronavirus impact to Manhattan real estate activity
About:
Wei Min Tan is a Manhattan, New York property broker focusing on global investors of Manhattan condominiums. Wei Min has been interviewed by CNBC, CNN, Wall Street Journal and New York Times on the Manhattan property market. Wei Min can be reached at tan@castle-avenue.com
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