4M plus contracts highest in 2 years

With all the inventory in that price range which has been siting around, isn't it just possible that this is more a random occurrence than an indication of the market doing anything different?

I think there was a celebrity factor/building trendiness thing going on here. Tom Brady & Gisele just bought in the Tribeca building.

The sudden spike is mostly due to a flood of sales at William Macklowe Company’s condo project at 21 East 12th Street and Related Companies’ 70 Vestry Street. Together the buildings accounted for 24 of the 43 contracts signed from August 1 through August 7.

http://www.businessinsider.com/tom-and-gisele-buy-20m-tribeca-condo-2016-8

CC/30/Others, I am surprised that 21 East 12th sold some units right away at appx 3k per sq ft with $3+/per sq ft per month in maintenance and taxes. What is your take on it? Many others 17 East 12th, 37 east 12th sitting on the market.

"With all the inventory in that price range which has been siting around, isn't it just possible that this is more a random occurrence than an indication of the market doing anything different?"

....maybe........i wish I knew 30year. I wish I had that crystal ball that CCL3 has.

I don't have a crystal ball...just observing trends!

no you are basically seeing what you want to see to justify your course of action.

That's ok; rates aren't going up anytime soon and there's plenty more new inventory coming down the pipeline, so the risk in waiting it out seems pretty small.

Aren't rates going up soon if economy is doing well (last Friday job reports)?

Nope, due to Brexit, the Fed took back its initial plans to do a slight uptick. http://fortune.com/2016/07/08/jobs-fed/