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NYC’s condo market is showing signs of a recession

The numbers say New York City’s condo market is in trouble. About one in four new condo units constructed since 2013 are unsold — or about 4,100 — and, of the units that did trade, 38 percent are back on the market as rentals, according to a StreetEasy analysis published by the New York Times. The latter finding about investor activity raises a red flag for the listing platform’s economist Grant Long in particular. “That’s […]

The Real Deal New York

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