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
Navigating movement in the mortgage industry series: Due diligence in mergers and acquisitions
The current environment of mergers and acquisitions (“M&A”) is evolving. There is constant movement in the mortgage industry with the desire for growth and expansion. It is easy to become blinded by the end goal of increasing loan volume and quality origination talent. Thus, it has never been more important to focus on due […]
-
Southern Nevada real estate outlook: 2025 predictions
-
Tough Calls: Lessons from Volcker, inflation, and the Fed’s crossroads
-
What to expect in 2025: Securing customer insurance in a volatile real estate market
-
Professional fix-and-flip market poised for growth in 2025
-
Expired listings: A Realtor’s goldmine
