Sales slump as tax law kicks in, uber-luxury is doing just fine and more of the biggest trends in resi right now

Home sales slump across NYC as tax law kicks in Manhattan and Brooklyn saw home sales decrease each quarter for the last year amid a region-wide sales dip, according to data cited by Bloomberg. An analysis by The Real Deal found that residential sales volume fell by 11.3 percent year over year in Manhattan during the third quarter, while the median sales price slid 4.5 percent, to $1.1 million. The factors leading to the downturn […]

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