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":"57b4e4e9bf5efe7a9769c5bfa7fdf327","s":"8a373e46d5a3a4cd"}
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.