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":"0544cc32197c7d249aaf6d378315be4d","s":"9c10c5b335e86d64"}
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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.