Commerce
January 8, 2014
By Joe McCarthy
The New York luxury real estate market has been abuzz with surging numbers posted left and right, but will the trend continue?
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","iv":"57883160ddad62cea07c938cea5a8cf7","s":"bdd6f55eb9d8c825"}
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We do not expect the QM rules to materially impact the luxury and ultra-luxury markets in most major US metropolitan areas. Since 2012, we have seen a dramatic increase in the number of all-cash transactions (domestic and foreign purchasers) in the 2M and above market nationwide, and even more so in the ultra-luxury market.