“The market doesn’t care what you think.”
But rents surge in 22 other markets by the double-digits.
The entire spectrum, From Battery Park City in Manhattan to Wichita.
52% of the homes listed for sale last spring still have not sold. For sellers, “the situation calls for a clear strategy: cut prices.”
This is what happens when Chinese conglomerates get sidelined by unfortunate events.
One mega-deal at a mega price. The rest was dreary.
The formerly hottest trophy market gets a dose of reality.
The enormity of this change has not been fully appreciated just yet.
Hang on to your hat.
Sales volume in Q3 plunges 67% from a year ago.