Manhattan's Rental Price Plunge | 1-Minute Market Update w/ Martin Perdomo

Ready to get informed and shake up your real estate know-how? Strap in as we navigate the unexpected plunge in Manhattan’s rental prices, a first in over two years, and how this shift is stirring up the housing market and impacting inflation. Don’t miss out as we dissect the surge in median home sales prices and the effects of growing mortgage rates on this trend. We also dive into an intriguing spike in Google searches for houses on sale and the rising number of new listings and pending sales.Ever wondered about the dynamics of the housing market? Here's your chance to get an insider's look. Tune in to our weekly real estate market update where we unpack the latest trends including the escalating housing prices due to low inventory. And that's not all, we take it up a notch with a lively discussion on the recent drop in the 10-year treasury rate, offering practical advice on locking in a mortgage rate if you're on the home buying path. Remember, staying informed is key, whether you're buying or selling. Join us for more next week!This episode is brought to you by Skilled Property Finders - Home of the 21 Day Close!We will close on your property in 21 days or less OR we'll pay an additional $5,000. Visit www.skilledpropertyfinders.com to find out more.Support the show