31 May '16, 8am

Oversupply halts New York real estate, but ultra high-end flourishes

Oversupply halts New York real estate, but ultra high-end flourishes

StreetEasy’s monthly reports have shown stagnation or decline in the median resale price of New York homes since October 2015, even as the number of homes priced in the segment remained the same year-over-year. Although the investment capabilities of New York real estate have contributed to it being viewed as something of a bubble, the city has been swept into a larger luxury real estate slowdown.

Full article: https://www.luxurydaily.com/oversupply-halts-new-york-rea...

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