Today, Noah and John from UrbanDigs sit down to discuss the current state of the Manhattan real estate market with Brian Morgan, founder of the Morgan Manhattan team at Corcoran. With nearly 20 years of experience, Brian offers valuable insights into market trends, the impact of interest rates, and the mindset of both buyers and sellers in a fluctuating market. Brian drops strategies for navigating the buyer's market, talks about the importance of staying positive, and explains how to leverage data for successful transactions. Whether you're a real estate professional or a potential buyer or seller, this episode is pure Brian: actionable advice + industry insider knowledge!

Highlights:

00:31 - Overview of market trends

02:10 - The shift to a buyer's market

05:10 - The mindset of sellers in the current market

07:08 - Rent vs own - why some buyers still choose to purchase

09:30 - The lag in pricing and the potential for further price reductions

12:05 - Bipolar market activity

14:00 - Advice for buyers

16:35 - Tips for agent success in a slow market

18:33 - Using data to inform clients and make confident decisions

Morgan Manhattan Team Page

https://morganmanhattanteam.nyc/

Connect with Brian on LinkedIn:

https://www.linkedin.com/in/brian-morgan-503b745/

** Need a price cut? Want to wow a seller? Use UrbanDigs Advisor! **

Our customized pricing service closes deals faster and makes you look like a hero. Plus, subscribers get a big discount, so the ROI is literally OFF. THE. CHART. Email [email protected] and let us know what you need!

https://www.urbandigs.com/advisor/

Got questions? We got answers! Visit our forum:

https://www.urbandigs.com/forum/index.php?forums/main-forum.2/

Track the New York City real estate market with real-time data and charts:

https://www.urbandigs.com/

Link to our overview of Manhattan or Brooklyn real estate stats:

https://www.urbandigs.com/marketwide-charts/

For more Manhattan and Brooklyn real estate conversations:

http://www.talkingmanhattan.com/