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":"4334862a06f0370e0f9e205848954d59","s":"c9e708851d79e24f"}
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.