New York Home-Purchase Contracts Plunge With Showings Banned
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Turns out, New Yorkers want to see an apartment in person before spending millions on one.
The state’s pandemic lockdown, which outlawed face-to-face real estate showings, brought purchase agreements in Manhattan and Brooklyn to a near standstill in May, according to a report Thursday by appraiser Miller Samuel Inc. and brokerage Douglas Elliman Real Estate.