New York Homebuyers Are Searching Everywhere But Manhattan

Bloomberg, Sept. 2, 2020–Oshrat Carmiel
New York area homebuyers are still hesitating on Manhattan while piling into the suburbs and Brooklyn.
Contracts to buy Manhattan co-op apartments declined 26% in August from a year earlier, while pending condo deals plummeted 38%, according to a report Wednesday by appraiser Miller Samuel Inc. and brokerage Douglas Elliman Real Estate.