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[The Assessor] The Differences Between High and Low End Absorption


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[1]

In today’s WSJ there is a chart I made covering Manhattan absorption market wide by price segment – inspired by my monthly report series [2].

The article sort of suggests that condos are doing better than co-ops as a generalization, which isn’t quite correct or I am over analyzing the results. However, one thing is certain:

Absorption for lower-end condos and co-ops is being driven by conforming mortgage financing being more readily available than jumbo financing.

My takeaways from the chart are:

Absorption has greatly improved from last summer [3] yet there is still a distinction in performance between the upper and lower end of the market.