As mortgage rates climb ....

Of course zero comments. Lol.

Boo!

Gloomy. Do you think the same is true of prime Manhattan? Prime Bklyn?

In the past areas which went up last and most, went down first and most on the way back down. More prime areas had problems selling but perhaps less distress? But that word gets used as a term of art in Real Estate, so I may not be using the most articulate wording. I do think that some portion of the market will see disruption (like studios did in the early 1990s) but until we see some actual goings on its a tough guess.

I couldn't get through the video and don't understand the point, unless it is irony: NYC real estate has been unaffordable for as long as I can remember, so "No, unaffordability will not kill the market. If NYC market is dead, it is for other reasons."

Agree with MCR that this is already unaffordable. Also already kind of dead.

Here's an article that seems to be saying that inventory, or lack of it is having more pull-on real estate than high interest rates:

https://housingnotes.com/taking-inventory-of-2025-despite-high-mortgage-rates-housing-prices-and-sales-expected-to-rise/?utm_source=rss&utm_medium=rss&utm_campaign=taking-inventory-of-2025-despite-high-mortgage-rates-housing-prices-and-sales-expected-to-rise

This is more of a short term forecast but suggests the same thing - that low inventory is sustaining the market by arousing buyers' animal spirits.

https://www.youtube.com/watch?v=-nUc8nJl-Ls

Low inventory you say?
https://youtu.be/0pYtmyLMTno?feature=shared

I'm not watching youtubes. Any strong point should be able to be summarized in two sentences.

I think one is talking nationally the other Manhattan (or maybe just prime Manhattan not sure)

"The housing market is on hold until mortgage rates come down"
https://youtu.be/PnHnF3MQ9eg?feature=shared