Real Estate
Manhattan Home Sales Soar as Buyers Seize on Mortgage Rate Dips
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Manhattan home sales had a strong start to the year as a bigger share of buyers chose to bite the bullet and accept elevated mortgage rates.
The number of transactions completed in the first quarter jumped 29% from a year earlier to 2,560, according to appraiser Miller Samuel Inc. and brokerage Douglas Elliman. The median price of those deals rose 11% to $1.165 million.