Manhattan Home Sales Surge as Cuts Bring Prices to Buyers’ Level

Bloomberg, July 6, 2017–Oshrat Carmiel
Purchases of resale homes jumped 16 percent from a year earlier to 2,597, according to a report Thursday by appraiser Miller Samuel Inc. and brokerage Douglas Elliman Real Estate. Buyer interest was fueled by average price cuts of 6.1 percent across all property types.