While $3 million could get a giant yard, pool and home theatre in a lot of neighborhoods, people in New York City are struggling to secure an apartment for less than $3 million. In result, buyers are starting to take out a mortgage or waiving a mortgage contingency in order to secure a home, Bloomberg reported.
Manhattan home prices force buyers into mortgages
Supply of $3 million homes begins to disappear
Most Popular Articles
Latest Articles
While the Austin housing market isn’t sizzling, agents say it is still warm
Despite an uptick in inventory, Austin metro area home prices are holding steady and giving agents confidence in the strength of the market
