In 2021 and early 2022, we were in a seller’s market. From mid-2022 to 2023, we saw interest rate hikes which resulted in doubling of mortgage rates. The good news is that the rate hikes have stopped. Mortgage rates even started decreasing slightly.
We are still in a buyer’s market. Buyers (especially those buying all-cash) have the advantage. Rental yields are high as rents are at record levels.
Read the full article here: Is now a good time to invest in Manhattan property?
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
No comments:
Post a Comment