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":"d0fed63a4e30a91db383f44a0f3e7313","s":"cb4ddce94b46e3df"}
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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.