Condominium sales in Brooklyn and Queens are slowing as potential buyers grow more selective amid rising interest rates, according to new market data. Higher borrowing costs are making home purchases less affordable, prompting some buyers to delay transactions or seek alternative options. The shift reflects broader trends in the housing market, where financing challenges are reshaping buyer behavior. Developers and sellers may need to adjust pricing or incentives to attract interest in a cooling market.
Picky buyers, high interest rates weigh on condo sales in Brooklyn, Queens The Real Deal
