Manhattan apartment sales worst on record, biggest plunge in 30 years
More urban exodus.
(From CNBC)
Manhattan apartment sales in the second quarter saw their biggest decline in three decades — and the worst quarter on record — as the real estate lockdown and urban flight after the Covid-19 crisis put a freeze on the market.
The total number of sales in the second quarter fell by 54%, the largest percentage decline in 30 years, according to a report from Miller Samuel and Douglas Elliman. The median sales price fell 18% to $1 million, the biggest decline in a decade.
http://www.againstcronycapitalism.org/
Source: https://www.ac2news.com/2020/07/manhattan-apartment-sales-worst-on-record-biggest-plunge-in-30-years/
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