Stock Market Swoon Pulls Rug Out from under Luxury Home Sales
The June sell-off did a job on them. By Wolf Richter for WOLF STREET. Manhattan luxury real estate vs. stock market downward spiral in June: In the week through June 19, only 12 sales contracts were signed for condos, co-ops, and townhouses with asking prices of $4 million and above, the worst week since the week of December …
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