NYC’s resi market is ripe for a Q4 pop

New York City agents, cross your fingers, knock on wood and say a prayer because the residential market might be headed for a solid end to the year. Though typically one of the weakest periods, macroeconomic factors — namely lower mortgage rates — could prove fertile ground for a number of deals, particularly at the lower end of the market, said appraiser and data expert Jonathan Miller.  Metrics from last quarter might, at first glance, cast doubt on that theory. Though sales were up overall, the borough logged more activity at the higher end of the market, where buyers are […] This article originally appeared on The Real Deal. Click here to read the full story.