The high-end market may be hurting in New York City, but for those who want to pay less for a home, there is still competition. On CNBC’s Squawk Box, Douglas Elliman chairman Howard Lorber said that it may take several years for New York City to recover — as many of its attractions remain closed — but his firm has still seen bidding wars for homes under $2 million. In August, most new contracts signed
source https://therealdeal.com/2020/09/04/howard-lorber-says-bidding-wars-are-still-happening-in-nyc/
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