The summer real estate market has been unpredictable, with the luxury segment struggling while Brooklyn's contracts have surged, reflecting diverse buyer behavior across the city.
Marketproof’s CEO noted that the upcoming months are crucial for assessments as mortgage rates decline, providing insight into the ongoing shifts in buyer demand.
In Brooklyn, new projects have launched rapidly, contrasting with Manhattan's slower pace, indicating an evolving landscape in how development cycles react to market conditions.
520 Fifth Avenue has proven immensely popular, selling nine contracts for its units, showcasing the impact of esteemed locations paired with competitive pricing.
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