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":"9MkiVzmGeWEcl4lCnNoIf80Uk1swQE5NFzjoByl368+0Z2FJH99+6\/ne9z+1UJu2uoU4RcVc64+hlhRMz5UOJBA3Z60Y04wuzQjFZjMzNwC8+KnwBiviHqXNLRSjMPF+FvZNN7ot3qttaTKDZD7YOf8AU0cXy8J3oOB5VOGsHlgklqjadxBBUI6fO2NQNwfGxhash9L7crXM\/0DIyJhXUtZWLiPnQNewf+GZB0wG9p3Zw+kjyKQSGN09ihHYsqDtDS4vhZmWwo2ne9F\/2xC7XziAV6en7kiblv589Hm2n6P\/Upc8VsmB2\/0hwg7moXVYRF6lgBB5MaDCU0PqQumFJUtJHY46u1446W6MQRQw3+hewA9aDrkF4JG\/lu0XvQKY+tgp07Z3sfIAUlhMHjp\/+QA5hhk7\/cQKfyBoiV3GNiU8W2u1Ihe9uF4LNFQK+yF\/gI5m8kymGjsQQly6DvRUlkgtqCDpZ2w4PTmTg8+31M3CVS8UZphWDjmJSEqv+ePSx4uFMG\/O3tA1bES4OcVhtLchGCnZ02e41IYbx4f7s94XlAoAPDSxQjSHRQmC3f0jVn80JDop93O6LmFbirEVM7HQivzgNFC6VM86CHaUQTTuCutfjSjm10\/sPaqRVLIc0kxzMG87pQLrGg9gn+E8B0+szSewAIvFYf2JG8Oq2lCJy842n3qMsWvj1tTS1dvc7We24nrZm\/gIqT+\/vd1PFT2KixbsU3x9vQonQAR4FKw8jkKHWX5r4khlhtMfoLd\/1cEIkD2bySuJBDv7JFSng2zgvxG8O8wTs\/+jjp84nbNTvtvfEQl8zeyZ88AcBiGE2kGMHCsqyEAYj6LGE648LwMciwzL5TfhY82SpKnwFI8dZZsppU1pryH0rcf8VtD0tu2WBLdNrOruxxhSTn+3Bc\/MoEfKcueyMw03wjkP8b8pjIfiYxlIct5X7WdFLypIgoLcrvme+LWIQjiQ+e+mnszHrko7132O71qrKdDOapn\/lOb6k4Vqatih\/FOQc+n6VcCtoG4SCY0Ft+yOdf8knNQElKAFnaug2bjCI03ZNm4NN8jjayz6FBx+Fi9JBRmAGf\/budve0QSUvTIWweAGwzQ69MfxSbHBC4owtNxgBUYnusCPSX0Jdq4i0I\/gqm+yMZyK8Lkuf7hYbx7NOPa2GLgdyqXN3qnWRKLOURFakkeVa6ZoXUqF7KUuf7967I9fRhvDHhWa5lXwn\/M9rqqr9oaG7WtT1It\/ZZ4VruH3rlmjjsoBZ15XzOsWXCvrcYkq\/NrgGkiiGHph5XPFKkghAsebvEbsRCE2S3jNjUlTyukuPfG8dPXS\/Gej6E2oedIZtfq9IIjmBUCxyXjOzbDoogK1mMtbZVXdaQ9xXWi10Gl5xLfyUoaxcR0JRAuPVyxm5UvZ58+QRYGzpt3txdG0noQpP9PlC05BSXarnXlIeMNx+3iCm4WqA9qlyLfT1C+sTpicFLYWAx7dlEcPVQ7o95ikRs\/qktpAnhzIDCs0nM1qsigVahqJm7u4lc6em5bhJnRn6WlzSmdcEx6ARcsygC+kxdAZj6AweQY+0wmN\/\/CEOsjx54nyluZOiAwYmLz\/An9QFvSYlTA5kNupNcy8eJ8u+g8ipgLrd9kZ5uelNfdvGRlZrX2dRfFogSvhyOd8GgtjM+9RtHuoqcvmuqRBcaXMXkbIczJiDq76zEk+MK0KFXrfnrQMiud3NIltuOeTDF\/Xgm+0W3uTRf3y7DWG2Nw0yoP0uplTe27K6oB0xB7QO0bzxx39rBZuI\/4HYZIVbsfXkcbpnnCzOhsZcplH1AP6mQDbqKXVLaJ5qMi\/vMz8+40rzqi1aSpcRaL\/BDZ\/Tl65v3MpUiaLkQCP4hvSCGWg5wYTq2y8D5qx93Wakt9tzlL9FjXwhy30v50jkrmDgxlAR8EfUc6EHedllo54Yq7AFAOrYKnHVKiCCqWmTmQs+pNvW7tVLnoiPuN+XWMSDlu2ZoDi4AIP3d0HTRMxIkCMMWjD+E6PlJK8AswbmGZBTFQzB+1OFSCfpYeHS5cZS6vUsRB5CySCVaSzlcDuFoHrMVleoX73v1DUI1a5kp6\/Zvh1tBFdjB2ELM8QPHvG0shd9LwfE3TKnpmIR72dFw9IcvyocGJ+jz1AQ+UIFKcKKd31UXAMXHIOwfxM8Z5lCciAHGN1OPE4wo+fhUgSFKP2HvpPe6HOnNJk7a+Uyv3ipagwwu+v0RH1l3eV7Y80lcprMtN\/rxk3k0+zA6kCCLh9L3iaSs3MdxP9Ywx7x6ZeSxTy3s79ovtxJBzrMsusH\/yHpzFFMXVzXnzGvvQH\/3f2VhlKuSLtdeYHZsvhMTplZpxGsX5mJ+0eblRDHVDA6LNQkG59LmNpW16pRPF5vvJnQOG+tly+S8+sU+4DD9cnxT\/DWuiixprOcD5Fc8R1KRlEazFiRp6LCARLOpXzXcaias+TCrFjg1+gaCU0lTRl01Bmi8SH739yXUpOXsThDfp6Bw0jthnwTuTNcw2S6v3N9bcG8VVxacsigWig3gtAZY2b03oDcLYuqAZ4WXhCT48GR+T6E\/G3quVmZmPTgFW5R+QGJZD26ubWdQQqCFPF+2jy99UeBuJJLZGW3H3HN2qnuL\/Tq43bIYt1d66J8W8tnWTdWLPxSKTqSHCQdSp+QV9dFm9jIif2MvtPtPX8Mv+nXAmaXTKoU6JoOSWEnS+VfEHMTB4hTnFvai9VToyNw18kF\/OfZHcq9cFG\/vBmKoSujsi+H7oFk8GG99vOns2vK76LuQTUSO67Q1I0u698UnE5ms5rc2lgelbPTjOnWJU46ay1EwPuJ5akSKsDS06Url2hHgK7K6Rgq5mUEsJo\/0upwfHCrikce037TCLLjUVgRhx+K3Gi9Z9zXawAXdDB+EtC5Q0DOlhyKSMTYJVgAcC8iETrFsBpKWe+HLhOGfakIfIDfYBBhbwklS7rzGnop4CPZ3qJjw8wjJq3XqIw8YDK3Uavog0rP2QH\/R1r2pyurXZjw9Cc5C9KRDAlujZ\/HqqGskIdhIEXkoC7\/SXedVjyRoQbGyYituwRedDQBopcwkk3u\/ulyvm6QYeuN15GuZk0ifhwDif5iVb+rHzWXep6O82GnL5BbXd1q0xnG627CiP\/Yq6pqg7iF89HfpiRG7CHnBxvpD5D5Pw4eVjbVGJgcEFWhsD7IcHXy6l5KRFHLfkPxPZYs8EJR4NkcuNEf3\/YAo7kgVcuN1QqZpARGU\/qsFlSmXjaFGd0zV3yN3YUfMzuNuclOIO6AVMAzzOA0hzx3dtLrPJ6UU\/IfavX+bKxCEez24yBrY1QrJXBU4PEkP+IKpqLpHHSgrItbKXi53cmh706MUNAbl7LAL264jJEChDxMqLX+1MpLxlpXNjH5HWPv0LAcbHNcuU\/3xLVJVaZtAkLXZtc7pBZxbcM8HZJ1IPNRRMsGQRjxVwt1Z8J7BMm7lLUp3OCBxuSzmxre1wrBWcesH6YZ4SPsz8RIyBRnOvgNI7ut+mXCBnn2M8jF+PPb50kqWjpgkRQIJJwLrcoiw9VE\/Gv3pOZlvznB6mhwCphBk5DE2\/OIXU+XIuv4sTgs0sQVUJmFTKbIJFSZvyP+\/dAl+vWcynxLU8A8XvLztS8XpPMx6QIrU1aVcQfljSHg5+Jrs7XWp152pFLO9kNhKtsaD7ZLY0Y+Mp7OjjTp5F2VsVnahqOEZho\/Dg8g0E3G6y+JyJFondeEegkA30cukHC3ArO6TAEz7cA8Gb\/mIPK2ZZfTsyo2KM3fCSKRkQg3cmXnVrMJaB8epQSXsWyG7zkvwZa87GZYfi57IRAU9s2gKhyZy8\/Vo1WytdjqmuVgsexSk2qsS4Y41eOpSq8dlq06bD0rGBoFnaU3itwwa7X41+eMhT+DqLLL49\/iDttwVHno15A0PiHxs+C2oQB90isy8inmX9f9HNa9jtXLH7kW6fvUYFnifIknVpFTzQvz9bJbjKA+75HF8AsRCW91hTAj3ygx9yiVImr1e0kIdgAvQsewaXLCFLtMHKS+a+Vu+Vl1auJFWnAW9yHWxisbDQLxSqG1opuFsp\/D1ET0Hfke7orecCPMpwDLI83lzge7Y2o9uYLyL1EP+YjhgB7HDQGaACChxqYB+fBBQNNichVFwaOrsjFtN\/VxHW7YmChI\/WZuLHm68qai\/My3bwFy3OtsTJ6WRIcpBslbYA7Dij4quceGjOiWugOU+KladZFBkvUWQHOf5C3gt8PCvWE8P0Z7\/Ee+i91OCTdB88oQ75xetIofLUDe2Sb0xirIUmXPVVfOWxBoaVXiwTYVNHI1XvACnBHsOK8hW8vmt19tw2tC8oo6116iiBSinBCxEfMyZ87IRYYqpnPqROg0NUIdRyZGzCDee3cjArA8Frq\/rowPUPLXB6jE1v\/DMGFdLU+DjD\/tsPX99IIyh4qm6CrLVl5SfMqExQwxXXv9V\/IW8ibObrzMm8zxshM8Xeosjjm5I\/JsabTDjzP7Ed1Y7IjjMgEpmsbLNA3a05YLloQm\/3FDB6EEJI2n+X8zb3\/uXuzv\/lpC\/pE+P\/oupAwZROA\/R0PEnSjxWwyj9GKfhl5cK6FcdVFiluO3YT8mEzY8TGNMD7+2quOCPDpnmKqkh8EITWhDMyK4ZYXJSiUkJ6fYjt0e2\/VDCV8NJmY3c\/mDDNAX14PKSwv94xhfkrRyxZhl4Dinx1AWzypelFk68Zf1sbHjhwyGYVsbTIzZcJ7T7SzDMmCqVWQ4lWhnng3jECXyv5IEO0IDUy6ftwcbFB65FcgjdpuxjbSElkumk6kQCz3N+k63jKtdFLd+lVaEoSEl602fURWBBsmZhzf87WUoQvE1+InzRm8HXCXcaAhwZXqfBbuKWk5vP0t159Q1rFIh9vNjWnyNNkduEzWqzrSKwFuXzcBNOffXO05vs0byiiMs4QmzzgqFIim7+UnPMsq4Oiu48YhdkupH\/sWF+q2HzSftDNa\/MgwP2ISkrzc1aG24dbVSlONELbOlf2t7RhYWZ\/v\/nuzuj\/vB4VYq1qrbDfmjDsPTou13URQ4e2R++1I9OYMM8V12mKld3bHAc2Y+br9QldaJJCtop9Ydz7HhMW0Iwmfg7Qrz+bGPHROMSV7G7OsCe2zBE3uuKsrBMaZoiJ2vh0ab3qXGEl5yLAfmpAp4UI7FuVL1qYsCOYub6AbLFSOm8cEyHWE1iKiENxmel4iD4u2Xj9UWz7Wc9ECh93LPD1fpb8MJJVTj8ngf5GLZ4yKWlfK6SXDGzVcLPgzR7Wd4hSbLujfVNZ3S4L59VklWFHPqDhuLc2Auhr7i3B3rlgStrGpJKuuz3XtKXVRd\/0Kd7T1QZCT+wkk+nIVg5M17BYEgvU84n7qOlU\/wOcBKslHUHekyvqri0lPsUv1dxyurUXjXOzRgetEIpUrKlDnYN6zs+w1W0rgDTlSKW2kbhgymMo9JiRIdFGKuoHP5wSWoDrzC23BlOI9bhtnj1GDMiV2lKV5gkchBSGGPoRRXx8R6u06v\/phZzyG7jVBX7E\/9JYEdhKuhtsQo4rg+qreMfiXhHdy6w67xbQWTwCp1dG8fuq2z\/JbvJnCBnascV8CVS0m5bC1+wPoT3QsPFZFIlmxPVz1e+XFZFjPnEviU2\/ojNT24+u7XhLosEABIHXGHfn20nSzLP5qlItfrNNPQcj56hvXQGxc8iFVRRBFymcHlnaHC0nbp\/f3uws7o\/lssY+5F26RlVG4\/XAGXueapM6FOJYEadDF2pYz2HzUtOo\/XxfRhZMvqyZjSH20VwjwiAP6k1v4iZaupiwO+pWB9cAtJhGTbVqVCSQ8vD1lauCAd0G+hI0eF0nZ2FnaYt9809oSpqaZJuv3Wqzv6\/YibUtq43cMAHKgeywksBOlzerxyiPXvjlbZ\/OY\/DR\/15chQsltzWKo2GnZMowBVVZgxWlZcYFUtPsBxsN418hRfclwa+MLX+dNamAOGw4T49LxSoxSexOIkcMnUB2zWCrEO2I0jQX5G9Q3lR6JWro1spQRQ8LUBFHr9xD7l7diQr+U0AowHgFvSgBDzCo7BRKmHGWxBfy+iM+59rkCp6Rh0x\/AvILcLS8GD\/VvB4+sFt1RyNC9G09tHp+3kH1iaobrUSX8BN+shLlj3WC9u+62+VRAmT5jCFJADLCKw1uJq3Cx6gOj5w7gLbMSyKegGvox3s6bhviEjjNfVUaXM03wqbOTcyg7uKSGGiFgq81sMYU1BG9berZYIQRVDvBmFfZ8lv7TAaeuiv5UkCz+g5cfngqW3QJMaDxYOSDIbNY5zVI1dXEMBeJUXVrbSxzWZ8wutHyP\/92pOoKdr9NlYD8uIf7riGAzagcdS8KPS8xFicR9BNjCP0SBxzaj46pwno6KuEg25UUFbMkqVsEnYVPTsIRFwrcb8XdED7ArAnxY6qtJgREGbLjJU8FbEgS5Z+K3py\/+SwdabZfSeDkpGVeFdH1h6knx7u52Rvlu31w0QodU\/w8C\/mFvT0j4saAn8MFynxKp7ZbCWOulzrorw8SJsoGPQEpOgvhI6hr1oQ6YQ2Eo1bmvpvCfw30rtmwZH9fZIeontK0mpk3TPhHOFzaN1lfAnoRY\/V1cqpijvWu\/FzmBK4LFddoHxyVCJdtGGH3MIov\/L5pXoW79HiyGtWl6WXkUtmlILP7DSZodiQg5YR80xFMwBVmmYW2jbTX++EaR1HIa2\/jzxAWJvm2I+Q2aOhInoFTPetbakZPJU1+X9R1\/hBA1CpMlGzMCaGg0Ghw93grR4THYHJRuy13u0y+7buW0nMXeqFzNHaDa490kjZWxeSLh61Ny9iFRqU5ZCMFq47+AJD+mQR92SC4boeLa6OLsShXTEnlrt1PihE7YZOGxGtmmAgsphfxH6VKMVitmSgPakJFlR8GPZzByCNQeAGpeMs0EFqgsLcPb2UOoSLniAeArhkMncjCZmkc0EP+wA9snX3h8Ajqf1aBuK1ErF6tkhw0YT3ECDcro2PkKt2u8losbcrNi5u9ku\/V7lhBCclkNxjmjruD7LnHLAD4Bzpjzj5L00bAN932W8xnFDJkuGkNd9HP0jV4d\/jfEBXAaIv1fYa\/110JefHZLNuVD2XgS7JfPvKT64y8+DqSlSTVOBD\/iRKqR1mxHVk9c7nhzSGIYtBd\/FPRESeeoQAANpabP40RIN42BKOVCb7hEbbJg87EsNbZLkjT8vc28G\/pYDI3CJC7zKDufb6YYioYBkeaMyOAdkq00lqtA\/aAxRFrlghk2O9DS68SgVnVHCxoScqWehnX1Hplc++CY3HWguNatWvJlqpAAxtrJRG8YIrV9Sx3jPNJqXtpiqMbJQbBiuwcz8lt80Tqw5qhI7PFCWFNfA48z6\/gWLPXQLAn\/jBj9fiiXH+F4+iyg8QiCq9+M355HGIQqQVBT8h7cFroN5\/OOISpUuL12twSJs1Y62+l8fX+2bJthDB+FdBjUbchyKXqG4WiouLCEuW7W7nyuP6upuCPLNsamV+RD7i\/ptsWM3JTt1B2XLTWYlsh4NElK4ODnYf02zA0BUsCR7N1Tkwj+ww5oKel67+IUwqQr8\/I0glCHxheTbzXt0qRrTBWH1hVDuprJeUikq1VMu\/8VHEf\/Ohzqcuyx2BSTJZQWseKT4qXY72i4hd4aJa66rTixr9Ex6\/s6rrk9L3OwmoRVuqo6+DpRJX76KBvYbuTHjp0QZf51lUUBwysgBkSKzLDMN1hpxxM1ES45uApU+0YE7uVVm\/WWN9II3OOo2FlbA6Iv+icsFFZ8UUyou7YnVHQl\/CPthQoAZQu5YOp7C7prwzm8j9eDLRC+qIvXLxV+gbSnCgHkG9D5AqWUns2ggWjBwQ21QSrmkuXxphXTsMbxJerQrTYaSID5AxbskrGlP52w5GtRF8fI1p\/UL04hmhZ4Dks9t8yZdMgh+Z5fK4BShQskit6Pi3LvKxuhOgnVzfErjuI0kLeo4pIg\/M+53iLPWL1\/\/Tj5fq9+IwlGxMEjlUAF0ucjfxvMyD9pcxy0lKjuqioRwpjhZo8aTiTm8k\/CeZKFgnlvugf315bg+CFRr3u94vKL5ZhIiIl8AWqkFynIjTy2Di4z4h+mWvaIzN7S3tX0aQerhqHZ\/7guPuCShtNjwrmQg8bbGVUOhI1gjsQDmJsR9eZ37c6vPYSHMB2SrpkxMh6QjAvdSZtbq\/+tz4QkpPXcHQNyVMCVro22qpMO2vNEgIW22JfTNax1cTwd7sm2DrdePxXzR6cEuSo\/cWCdDJP+FMdcuZCvFJzU1C+5s1BIMYSPCvCvIDc4N5NQhxsUE91SB9tL1+0hEOHt+uKqCjvM1ig+RGEHIQeIfUr+pDrfiacaXCKQBghdw5Do0RZOCsPDXwDI","iv":"66de83db0f92da0e13e425d15f6da70d","s":"ecf27eb46614f083"}
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.