New York real estate business is booming again amid COVID-19 pandemic - News Report


United States — People are buying up real estate in Manhattan, NY once again after leaving en masse amid the COVID-19 pandemic that hit the city hard.

According to a report by Douglas Elliman Real Estate brokerage, apartment sales in the borough increased 2.1% in the first three months this year as compared to the same time last year when the pandemic struck the city.

Another report from a real-estate analytics firm, UrbanDigs shows that, the rebound in March alone was the strongest since 2007, as about 1,500 homes in Manhattan were under contract for sale..

Buyers are taking advantage of the lower prices, too, with most of those sales closing at or below the asking price...


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