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":"ef3b38130104f6faa03666d16a6447d0","s":"b33ce404cdef5686"}
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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.