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?
{"ct":"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","iv":"ce027e96a8d475460fa8f3a32b3cfa71","s":"59ac0f5653fe68ac"}
Share your thoughts. Click here
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.