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":"21ea087555bfd7cc8c696e9c7249df76","s":"1b9855454a95a5cd"}
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.