The Manhattan real estate market had a blowout second quarter, but sales started to take a hard turn in June. CNBC’s Robert Frank joins ‘Squawk Box’ with the details. For access to live and exclusive video from CNBC subscribe to CNBC PRO:
» Subscribe to CNBC TV:
» Subscribe to CNBC:
Turn to CNBC TV for the latest stock market news and analysis. From market futures to live price updates CNBC is the leader in business news worldwide.
The News with Shepard Smith is CNBC’s daily news podcast providing deep, non-partisan coverage and perspective on the day’s most important stories. Available to listen by 8:30pm ET / 5:30pm PT daily beginning September 30:
Connect with CNBC News Online
Get the latest news:
Follow CNBC on LinkedIn:
Follow CNBC News on Facebook:
Follow CNBC News on Twitter:
Follow CNBC News on Instagram:
#CNBC
#CNBCTV
source
Announce Chicago numbers
Oh boo hoo. Rich New Yorkers might not be able to drive prices to the stratosphere and charge exorbitant rent? Cry me a river 😭😏
Title fix: Real Estate will becomes more affordable for future homesteaders looking to purchase their first home.
Prices need to come down 40% just to be overpriced. 70-80% would make it affordable and then you only have to worry about getting robbed at gunpoint like the Mayor's aide or if you're a woman, having someone follow you into you home uninvited. Amazing city I'm sure, keep it
If you're only going to talk about Manhattan, why not put it in the title? There's a lot more to NY than Manhattan.
"By 2030 you will own nothing". You ain't seen nothin yet.
I don’t think Oil is going much higher because of the economy is slowing down so my trade is selling short calls spreads on USO short calls strike price 80 and 90 strike price calls long expiration date 7/15/22 This is neither a solicitation nor an offer to buy or sell stocks, options, or futures .
Since 2008, the Fed has Artificially held interest rates a 0% and printed trillions in QE to infinity. It amazes me that a rational human being much less any economist wouldn’t consider the world economy during these unprecedented actions by the Fed to demonstrate that the economy has NEVER recovered from The Great Recession or New Great Depression! CNBC is clueless that 0% interest rates for 14 years and Trillions upon Trillions of QE to infinity might cause massive bubbles in stocks and housing!! The Fed can’t stop this economic heroine QE without crashing the housing and stock market Super Bubbles! CNBC is laughable!
NYC is a prime example of BS valuations. Most NY state citizens wish the city would break off into its own state. It's such a financial drag on the rest of us.
Are some point sentiment changes and properties start to be viewed as falling knives rather than pots of gold. To early to tell at present, but this is a historical prescedent.