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New York's luxury real estate market is falling

By Patrick following x   2018 Apr 3, 3:28pm 866 views   1 comments   watch   nsfw   quote     share    


https://www.cnbc.com/2018/04/03/new-yorks-luxury-real-estate-market-is-in-correction.html

Real estate sales in Manhattan plunged 25 percent in the first quarter from a year ago, as the new federal tax law, stock market swings and a glut of luxury condos spooked buyers.

Sales in the first quarter posted their largest drop in nearly a decade and reached their lowest level in more than six years, according to a report from Douglas Elliman and Miller Samuel. There were 2,180 sales in the first quarter, compared with 2,892 last year.

Prices are also under pressure. The average sales price dropped 8 percent compared from the same quarter last year.
1   APOCALYPSEFUCKisShostikovitch   ignore (38)   2018 Apr 3, 3:30pm   ↑ like (3)   ↓ dislike (0)   quote   flag        

That's IMPOSSIBLE!

Real estate never loses value!

MORE! FAKE! NEWS!

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