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Commerce

Not quite a boom, New York luxury real estate climbs upward in 2014

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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1 thought on “Not quite a boom, New York luxury real estate climbs upward in 2014”

  1. Alan Shafer says:
    January 8, 2014 at 2:41 pm

    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.

 
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