Manhattan is now a buyers market

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Darius Bell and Samson Jagoras discuss Manhattan’s real estate market shift towards a buyer’s market. They highlight the mismatch between prices and interest rates, noting the 9.8-month supply of apartments. Sellers are beginning to lower prices, which could reignite market activity without needing rate cuts. They emphasize the impact of Covid on inventory and the gradual price declines setting new market standards.

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