Manhattan home resales drop as tax overhaul sidelines buyers

The median price for Manhattan co-op resales showed similar results. A positive change of 2 percent over fourth quarter 2017 was indicated, but there was a drop in median price for co-op resales from $845,000 to $810,000, representing a 4 percent decline from third quarter 2018 to fourth quarter 2018, for reasons similar as explained above for condominium sales.

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Business Tax bill could depress prices on LI homes with high property taxes. The $10,000 cap on deductions for state and local taxes could affect more than 300,000 Long Island homeowners, data show.

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Queens came is second with 26,955 births followed by 21,258 babies born in the Bronx, 19,646 in Manhattan and 5,580 on Staten Island. online and in the home.”.

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Republicans Tax Overhaul Slows Manhattan's Real Estate Market Analysts: GOP tax plan could reduce Manhattan home prices by. – The Republican tax bill, if enacted, could cause Manhattan home prices to drop by close to 10 percent, and make New Jersey and Westchester County prices decrease even further. That’s according to Moody’s Analytics researchers who spoke to the New York Times for its overview of the possible repercussions of the tax reforms on local real estate.

Federal tax overhaul curbs 2018 sales in NYC. an uptick in mortgage rates may have resulted in a slowdown among buyers and sellers.". percentage of resales in Manhattan was on the East.

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Potential tax overhaul giving New York home buyers pause.. 2017 10:16AM. Luxury apartments in Manhattan (Credit: Beyond My Ken). Homeowners are rushing to refi mortgages as rates drop.

Find out why Manhattan home sales plummeted in Q1 2018 – Photo: Robert Clark. Manhattan home prices may have been down in the first quarter but there were also fewer buyers in the market. Quarterly Manhattan home sales fell to the lowest level in over six years and posted the largest annual decline in nearly a decade, according to a report released today by New York brokerage Douglas Elliman.

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