Why Manhattan Home Prices Are Sliding

The video discusses the current real estate market dynamics in Manhattan, highlighting the shift towards a buyer's market due to tax law changes and inventory levels. It covers pricing trends, market hotspots, and the impact of mortgage rates. The ultra-luxury segment is analyzed, noting reduced foreign investment and pricing adjustments. The rental market is also explored, focusing on landlord concessions and the bifurcation between high-end and lower-end markets.

What has contributed to the shift in control to buyers in the real estate market?

• Decrease in mortgage rates

• Rise in international buyers

• New federal tax law

• Increase in property values

What is the current trend in the resale market inventory?

• No significant change

• Highest level in 8 years

• Stable supply

• Decreasing supply

Which market segment is experiencing tightness despite overall market trends?

• Ultra-luxury market

• Mid-range market

• Commercial market

• Starter market

What is not a primary reason for the slowdown in sales activity?

• Affordability issues

• High inventory levels

• New tax laws

• Rising mortgage rates

How has the participation of international buyers changed recently?

• Decreased

• Remained stable

• Fluctuated unpredictably

• Increased significantly

What has been the trend in landlord concessions in the rental market?

• Stable

• Decreasing

• Expanding

• Non-existent

How is the rental market described in terms of its structure?

• Uniform

• Stable

• Unpredictable

• Bifurcated