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":"e9ece2ad616e43ae3515bff343c54ece","s":"c6f84fc873b47edc"}
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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.