Buyers on the hunt for homes in Manhattan are running out of options Listings for available homes in the borough dropped significantly last quarter, as an uptick in deals and a waning new development pipeline prompted a dearth of supply, according to data by appraiser Jonathan Miller and The Real Deal.  High mortgage rates have also further exacerbated the inventory shortage, keeping would-be sellers locked into their homes, unwilling to forego their more affordable rates. On Thursday, the average rate of a 30-year fixed mortgage hit 7.28 percent, its highest level in three years. “Mortgage rates are not only rising, […]

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