I hope you had a wonderful summer and are enjoying the start of fall. September always brings a noticeable shift in New York, and after an unusually quiet August, the real estate market is starting to feel busier too.

 

New listings picked up after Labor Day, buyers are back out looking, and early open house traffic has been encouraging. At the same time, inventory remains limited in many parts of Manhattan and Brooklyn, and rising mortgage rates add another layer of uncertainty as we head into the fall market.

 

In this edition, I’m looking back at what happened over the summer, what we’re seeing as the fall market gets underway, where mortgage rates may may be headed, and a few other real estate trends and stories I’m watching.