election impact Archives - Rava Realty

Manhattan Market Pulse

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As with Election Day uncertainties behind, Americans show renewed confidence in the economy. The University of Michigan’s Consumer Sentiment Index hit a seven-month high. At the same time, the expectations index, measuring economic optimism for the next six months, surged to its best reading since July 2021. This upbeat mood extends to New York City’s real estate market. During the first full week of November 2024, Manhattan saw a 28% spike in contract signings compared to the previous week, making it one of ...

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