New-York:   is the poorest year for real estate property sellers since 200! Why the New-York real estate market local cooled down so during the Big Apple?

is a good year for the American economy, is the repeating by the media day. The resonance becomes an echo everybody repeats talking everything.

However for real estate sellers people living New-York. is the worst year for the business since the last recession.  is definitely warmly for property sellers the New York metropolitan area. Including the 5 boroughs area.

Indeed CNBC reported October the New-York real estate market had cooled down so drastic. the data comparable to the levels seen since 200 after the last economic recession. Frankly, is unprecedented.

cooldown is somehow atypical. Because what we observe is homes prices continue to go up for . At the same time, up for longer than 6 to . absolutely unusual for New York real estate market in period time.

to another data source providing Yanex Real Estate Investing, LLC. The data matrix shows New-York real estate market homes priced. At $1 or more the market for 120 days. Those priced between $8 $12 , the market. Indeed, the market even longer, often as many as 200 days before being bought.

Sells hard to close nowadays resultant a tough . force, sellers to cut down the to offers. Otherwise the properties with sitting the market, for an undetermined time.

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

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

Many factors are in the that makes the New York real estate market is cold now. further analysis what makes the New York real estate market slow down will be of another week.

For the time being, if are looking for a personal a good time for to . If are a I do know what to tell you. Depend on you should pay a close to market reaction, do impromptu by alarming yourself.

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