2015 New York Real Estate Market Forecasts

The 2013 New York housing market (along with the 2014 market) was driven by a significant uptick in the luxury segment. It almost seemed as if homes with lower price tags than $1 million had all but disappeared from the market and that condos especially targeted at billionaires were taking over. In fact, reputed sources such as Bloomberg Business went as far as to wonder aloud whether the NYC market was approaching a luxury bubble in early 2015. … [Read more...]