New-York: 2018  is the poorest for real property sellers since 2009! Why the New-York real market cooled so during 2018 in the Big Apple?

2018 is a good for the American economy, is the keyword repeating the every . The resonance becomes echo that everybody repeats when are talking about .

However for real sellers people living in New-York. 2018 is the worst for the business since the last recession. 2018 is warmly for property sellers in the New York metropolitan area. Including the 5 boroughs and surrounding area.

Indeed CNBC reported in October that the New-York real market had cooled so drastic. That the are comparable to the levels seen since 2009 after the last economic recession. Frankly, situation is unprecedented.

cooldown is somehow atypical. Because we observe is homes prices to go up for sale. the , their up for sale longer than 6 to 9 months. absolutely unusual for New York real estate market in period time.

According to another source providing Yanex Real Estate , LLC. The matrix New-York real estate market homes priced. $1 million or the market for about 120 . Those priced between $8 million and $12 million, the market. Indeed, the market even longer, often as many as 200 before being .

Sells are hard to nowadays resultant a tough situation. That force, sellers to cut the to find offers. the properties sitting the market, for undetermined time.

Nevertheless, this big hit this slowdown market affects Manhattan than everywhere in New-York. The developers in the midtown Manhattan. Real estate in this area are down double-digits. The cycle is continuing to decline further down for four consecutive quarters.

Outside Manhattan inside the other 4 boroughs real estate “fell 11 percent the third quarter of 2017 to the third quarter of 2018.” According to CNBC Financial news. Resales of existing apartments declined dramatically during that unprecedented period as well. The last time we saw like similar. That was actually in 2011, during the recession crisis recovery process.

Many factors are in the basket that makes the New York real estate market is cold now. further about makes the New York real estate market slow down will be of another article next .

For the time being, if you are looking for a personal home it a good time for you to . If you are a I do know to tell you. Depend on situation you should pay a attention to market , do impromptu alarming .

the interrogate numbers, to do not indeterminately because anything can happen the can drop down . The economy is not so as many people may think, the debt is too high. Some correction be done to stop the inflation if not we can prepare for another recession soon.