{"id":477,"date":"2022-08-30T09:20:17","date_gmt":"2022-08-30T14:20:17","guid":{"rendered":"https:\/\/www.urbandigs.com\/blog\/?p=477"},"modified":"2022-09-22T10:05:25","modified_gmt":"2022-09-22T15:05:25","slug":"is-the-window-of-opportunity-for-new-york-real-estate-buyers-finally-wide-open","status":"publish","type":"post","link":"https:\/\/www.urbandigs.com\/blog\/is-the-window-of-opportunity-for-new-york-real-estate-buyers-finally-wide-open\/","title":{"rendered":"Is The Window Of Opportunity For New York Real Estate Buyers Finally Wide Open?"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"477\" class=\"elementor elementor-477\">\n\t\t\t\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-58130b78 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"58130b78\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-2726748e\" data-id=\"2726748e\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-68e28ded elementor-widget elementor-widget-text-editor\" data-id=\"68e28ded\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.6.1 - 23-03-2022 *\/\n.elementor-widget-text-editor.elementor-drop-cap-view-stacked .elementor-drop-cap{background-color:#818a91;color:#fff}.elementor-widget-text-editor.elementor-drop-cap-view-framed .elementor-drop-cap{color:#818a91;border:3px solid;background-color:transparent}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap{margin-top:8px}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap-letter{width:1em;height:1em}.elementor-widget-text-editor .elementor-drop-cap{float:left;text-align:center;line-height:1;font-size:50px}.elementor-widget-text-editor .elementor-drop-cap-letter{display:inline-block}<\/style>\t\t\t\t<p><span style=\"font-weight: 400;\">In early June, we discussed the possibility that a window of opportunity might be opening for Manhattan buyers as deal volume fell. In July, we thought the market was crashing back to normal with fear levels outpacing the data. Now, in mid-August, the window of opportunity may be open as the market is softer \u2014 but no longer falling.<\/span><\/p><p><span style=\"font-weight: 400;\">In mid-April, the market began cooling from white-hot levels while mortgage rates rose. The shift down felt fast and furious, with the number of contracts signed, a broad measure of market activity, dropping 30% compared to last year. Buyers, it seemed, had simply stepped away from the market.\u00a0<\/span><\/p><p><span style=\"font-weight: 400;\">In reality, though, the market was simply re-adjusting to typical seasonal levels, with deal volume remaining above 2019, the last pre-pandemic year of 2019, and the new benchmark for \u2018normal.\u2019 Now, in mid-August, with a few months of data to analyze, it is safe to say that the Manhattan market is stabilizing. In other words, the market is no longer actively falling, and it appears today\u2019s levels are the new normal.\u00a0<\/span><\/p><p><span style=\"font-weight: 400;\">Below are three data points suggesting activity is resetting at these levels.<\/span><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-4360492b elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"4360492b\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-280dc51e\" data-id=\"280dc51e\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-4ce5829f elementor-widget elementor-widget-heading\" data-id=\"4ce5829f\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.6.1 - 23-03-2022 *\/\n.elementor-heading-title{padding:0;margin:0;line-height:1}.elementor-widget-heading .elementor-heading-title[class*=elementor-size-]>a{color:inherit;font-size:inherit;line-height:inherit}.elementor-widget-heading .elementor-heading-title.elementor-size-small{font-size:15px}.elementor-widget-heading .elementor-heading-title.elementor-size-medium{font-size:19px}.elementor-widget-heading .elementor-heading-title.elementor-size-large{font-size:29px}.elementor-widget-heading .elementor-heading-title.elementor-size-xl{font-size:39px}.elementor-widget-heading .elementor-heading-title.elementor-size-xxl{font-size:59px}<\/style><h2 class=\"elementor-heading-title elementor-size-default\">1. The 30-day pace of deal volume is stabilizing <\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-4363800f elementor-widget elementor-widget-text-editor\" data-id=\"4363800f\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">The rolling 30-day measure of contracts signed is currently holding steady in the mid-800s, suggesting that perhaps the peak fear of this cycle down was during late June and early July, when each passing day indicated a slowing pace. Since then, buyers appear to be narrowly (read: cautiously) stepping back into the market.\u00a0<\/span><\/p><p><span style=\"font-weight: 400;\">If price is the great equalizer, the market may have found a bid. The re-emergence of buyers hints that the market has receded to levels needed to bring reluctant participants back to the table. Interestingly, the current low point for activity in 2022 remains well above the low point of 2019 and relatively close to last year\u2019s low. The stabilization closer to 2021\u2019s low versus 2019\u2019s low, albeit with several weeks of summer slowness ahead, suggests that market liquidity, despite a seemingly fast and furious deceleration, remains robust.<\/span><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-1427df3 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"1427df3\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-203fff5\" data-id=\"203fff5\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-7fec1a9 elementor-widget__width-initial elementor-widget elementor-widget-html\" data-id=\"7fec1a9\" data-element_type=\"widget\" data-widget_type=\"html.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<iframe loading=\"lazy\" width=\"725\" height=\"446\" seamless frameborder=\"0\" scrolling=\"no\" src=\"https:\/\/docs.google.com\/spreadsheets\/d\/e\/2PACX-1vSwWYJpn9ReN5k8sYn1JjDUFdIIBE3KzZ2z2ikKTSm3QnAxV92-QZYQqTxvfZKcxbr6MT0eIqwUPwxk\/pubchart?oid=776966664&amp;format=interactive\"><\/iframe>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-b069dc6 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"b069dc6\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-3abf711\" data-id=\"3abf711\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-f88c1ce elementor-widget elementor-widget-heading\" data-id=\"f88c1ce\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">2.  Inventory pressures remain<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-6807055 elementor-widget elementor-widget-text-editor\" data-id=\"6807055\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">While a lot of attention has rightly been paid to buy-side activity, there are two underappreciated phenomena at work in the background: the drop in new listings and the number of listings removed from the market.\u00a0<\/span><\/p><p><span style=\"font-weight: 400;\">While the drop in new listings is seasonal and expected, it keeps the pressure on buyers by removing additional choices from the market. Similar to the declining pace of new listings, the increasing pace of listings removed from the market is mostly seasonal and expected. However, whereas in 2019, the number of listings removed from the market gradually rose from May to June as summer got underway, in 2022, the number jumped 50% from May to June.\u00a0<\/span><\/p><p><span style=\"font-weight: 400;\">From a buyer\u2019s perspective, even with the lower contract activity, the combination of fewer new listings and more removed listings serves to effectively negate the new inventory. Although buyers may not sense a shortage of inventory, they may get the sense that the available inventory is shrinking, which, unlike a glut of inventory, helps speed up decision time.\u00a0<\/span><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-3cb7b68 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"3cb7b68\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-36b1b84\" data-id=\"36b1b84\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-a07f381 elementor-widget__width-initial elementor-widget elementor-widget-html\" data-id=\"a07f381\" data-element_type=\"widget\" data-widget_type=\"html.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<iframe loading=\"lazy\" width=\"686\" height=\"392\" seamless frameborder=\"0\" scrolling=\"no\" src=\"https:\/\/docs.google.com\/spreadsheets\/d\/e\/2PACX-1vQ7knrifH9qX0QP_OH8W5-_SRVuiS0WnO5z0q1jgA6Uo0fOZz8nAEwj2QskEPMYGM9WVlDJVZUfeOXK\/pubchart?oid=615935731&amp;format=interactive\"><\/iframe>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-5573ac5 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"5573ac5\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-7dd5654\" data-id=\"7dd5654\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-93996d7 elementor-widget elementor-widget-heading\" data-id=\"93996d7\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">3. Negotiating leverage is stabilizing<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-0bfcf7c elementor-widget elementor-widget-text-editor\" data-id=\"0bfcf7c\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">To understand the current state of leverage, whether it belongs to buyers or sellers, it is necessary to understand the real-time balance of supply and demand.\u00a0<\/span><\/p><p><span style=\"font-weight: 400;\">One method is to look at the ratio of contracts signed to active listings (the \u201cMarket Pulse\u201d). This measure peaked in early 2022 and began falling as the rising pace of active listings overshadowed the pace of contracts signed. Recently, however, this measure appears to have broken its downtrend with a slight bounce as supply is now fading faster than deal volume.\u00a0<\/span><\/p><p><span style=\"font-weight: 400;\">Similar to the inventory pressures noted above, while buyers have been seeing softer prices for the last several months, now they are also seeing other buyers. In short, deal volume increased relative to the market size, preventing a lopsided \u2018buyers\u2019 market\u2019 by balancing negotiating power.<\/span><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-b4e7e8c elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"b4e7e8c\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-e468b36\" data-id=\"e468b36\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-0cd5668 elementor-widget elementor-widget-image\" data-id=\"0cd5668\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.6.1 - 23-03-2022 *\/\n.elementor-widget-image{text-align:center}.elementor-widget-image a{display:inline-block}.elementor-widget-image a img[src$=\".svg\"]{width:48px}.elementor-widget-image img{vertical-align:middle;display:inline-block}<\/style>\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"580\" height=\"228\" src=\"https:\/\/www.urbandigs.com\/blog\/wp-content\/uploads\/2022\/09\/pulse-1024x403.png\" class=\"attachment-large size-large\" alt=\"\" srcset=\"https:\/\/www.urbandigs.com\/blog\/wp-content\/uploads\/2022\/09\/pulse-1024x403.png 1024w, https:\/\/www.urbandigs.com\/blog\/wp-content\/uploads\/2022\/09\/pulse-300x118.png 300w, https:\/\/www.urbandigs.com\/blog\/wp-content\/uploads\/2022\/09\/pulse-768x302.png 768w, https:\/\/www.urbandigs.com\/blog\/wp-content\/uploads\/2022\/09\/pulse-1536x605.png 1536w, https:\/\/www.urbandigs.com\/blog\/wp-content\/uploads\/2022\/09\/pulse-1200x473.png 1200w, https:\/\/www.urbandigs.com\/blog\/wp-content\/uploads\/2022\/09\/pulse.png 1600w\" sizes=\"auto, (max-width: 580px) 100vw, 580px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-0c773e5 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"0c773e5\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-b8ce178\" data-id=\"b8ce178\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-db9370d elementor-widget elementor-widget-heading\" data-id=\"db9370d\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Putting it all together<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-276f968 elementor-widget elementor-widget-text-editor\" data-id=\"276f968\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">Compared to the first quarter, the level of activity in the market is markedly lower. Presently, however, there appears to be stabilization around current levels. Of course, where it goes from here remains unknown until a catalyst, such as changing seasonal trends or a noteworthy macro event, triggers the next directional move. Either way, there are three paths from here:<\/span><span style=\"font-weight: 400;\"><br \/><\/span><\/p><ol><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Deal volume rises.<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Deal volume remains at current levels.<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Deal volume declines.<\/span><span style=\"font-weight: 400;\"><br \/><\/span><\/li><\/ol><p><span style=\"font-weight: 400;\">While these outcomes are inherently unpredictable, with the downshift in the rearview mirror and real-time indicators showing a light bounce off the lows, the market\u2019s current attitude hints toward a higher probability that deal volume will likely rise in the coming months versus sink back down toward the 2019 lows.<\/span><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-717020c elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"717020c\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-fc96976\" data-id=\"fc96976\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-805deb5 elementor-widget elementor-widget-text-editor\" data-id=\"805deb5\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<h3><b>Advice for Sellers<\/b><\/h3><p><span style=\"font-weight: 400;\">The decline in deal volume in Q2 will likely lead to lower prices in Q3. While the actual numbers are still in flux and will not be fully known for a few months, early indications suggest declines in the 5-8% range. Hence, current and prospective sellers should be very cautious, if not skeptical, when looking at closed deals that were signed in Q1 or early Q1 as these sales represent a different market.\u00a0<\/span><\/p><p><span style=\"font-weight: 400;\">Instead, sellers should be cognizant of their immediate competition and early buyer traffic to gauge if their pricing is appropriate. Sellers should also bear in mind that the lower level of buyer activity will likely lead to a longer time on the market.\u00a0<\/span><\/p><p><span style=\"font-weight: 400;\">Lastly, sellers should understand that early September will likely see a new wave of listing activity as the fall season gets underway, which may necessitate aggressive price reductions for those currently on the market but without buyer traffic or contracts in hand.<\/span><\/p><h3><b>Advice for Buyers<\/b><\/h3><p><span style=\"font-weight: 400;\">While the shift down for New York City may not have been as deep or violent as other housing markets across the country, buyers here should understand that New York City did not see parabolic price rises over the last three years.\u00a0<\/span><\/p><p><span style=\"font-weight: 400;\">While the more bubbly markets are popping, New York City is simply deflating back to normal. Add in declining supply, a soaring but peaking rental sector, and the resetting of deal volume activity to its normal seasonal average, and that equates to a market that has found its new level. In short, buyers should understand that the market is no longer falling. Buyers who have been waiting for a better environment to submit an offer finally have it: prices are softer, sellers are more likely to negotiate, and the market is stable.\u00a0<\/span><\/p><p><span style=\"font-weight: 400;\">Lastly, buyers should realize that although contract volume declined 50%, it dropped from abnormally high levels back to normal. In other words, while the market is not dead, the stabilization in deal volume hints that the leverage the market is currently offering may not last.<\/span><\/p><p><span style=\"font-weight: 400;\">Since the move happened, we must adjust our biases. I am notably less negative today than I was three months ago for the very fact that a shift took place. Now we must wait for new market signals and macro triggers to tell us where we go from here.<\/span><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-792e5fa elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"792e5fa\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-fbbb465\" data-id=\"fbbb465\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-8ee2861 elementor-widget elementor-widget-text-editor\" data-id=\"8ee2861\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>Originally published on Forbes.com:<\/p><p>https:\/\/www.forbes.com\/sites\/johnwalkup\/2022\/08\/30\/is-the-window-of-opportunity-for-new-york-real-estate-buyers-finally-wide-open\/?sh=84317d47ba76<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>In early June, we discussed the possibility that a window of opportunity might be opening for Manhattan buyers as deal volume fell. In July, we thought the market was crashing back to normal with fear levels outpacing the data. Now, in mid-August, the window of opportunity may be open as the market is softer \u2014 [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":473,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-477","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-market-insights"],"_links":{"self":[{"href":"https:\/\/www.urbandigs.com\/blog\/wp-json\/wp\/v2\/posts\/477","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.urbandigs.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.urbandigs.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.urbandigs.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.urbandigs.com\/blog\/wp-json\/wp\/v2\/comments?post=477"}],"version-history":[{"count":9,"href":"https:\/\/www.urbandigs.com\/blog\/wp-json\/wp\/v2\/posts\/477\/revisions"}],"predecessor-version":[{"id":490,"href":"https:\/\/www.urbandigs.com\/blog\/wp-json\/wp\/v2\/posts\/477\/revisions\/490"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.urbandigs.com\/blog\/wp-json\/wp\/v2\/media\/473"}],"wp:attachment":[{"href":"https:\/\/www.urbandigs.com\/blog\/wp-json\/wp\/v2\/media?parent=477"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.urbandigs.com\/blog\/wp-json\/wp\/v2\/categories?post=477"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.urbandigs.com\/blog\/wp-json\/wp\/v2\/tags?post=477"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}