New York PANICS As Luxury Home Drops $10M, Market FREEFALLS скачать в хорошем качестве

New York PANICS As Luxury Home Drops $10M, Market FREEFALLS

New York PANICS As Luxury Home Drops $10M, Market FREEFALLS A high-end Manhattan townhouse slashed its asking price by $10 million, illustrating how luxury pricing is recalibrating while the market remains dominated by cash deals at the top. New York City posted the largest first-quarter cash outflow on record, as expenditures outpaced receipts and the city began the quarter with dwindling cash on hand. The tax picture shows strength in property and non-property taxes, with property tax base rising about 5.3% and personal income tax surging nearly 19%, though transfer taxes fell 16% due to a large cash-share in luxury deals. The commercial side remains optimistic about lower vacancy and amenity-driven office demand, supported by higher commercial rent tax receipts and a wave of capital investment. Spending pressures—especially on personnel, social services, and migrant-related relief—keep expenditures growing faster than receipts, even as capital activity and debt management provide some relief. The story hinges on two levers: mortgage rates moving toward the low-to-mid 6% range could re-engage non-luxury buyers and lift transfer-tax revenue; and policy choices on street encampments will influence neighborhood desirability and pricing. Taken together, the market looks steady at the base, selective at the top, and highly sensitive to rates, receipts, and city policy as 2026 approaches. If you'd like to verify the statements or numbers in this video then check out our sources: Exclusive | Marcus Lemonis cuts the price of his NYC townhouse by $10M — but it still asks a pretty penny: https://nypost.com/2025/12/09/real-es... SL Green chief expects thriving NYC office market to continue — even under Mamdani: https://nypost.com/2025/12/07/busines... Mamdani’s plan to let tent cities take over NYC could batter real estate market: industry leaders: https://nypost.com/2025/12/05/us-news... New York City Quarterly Cash Report: https://comptroller.nyc.gov/reports/n... Home prices are poised to dip in 22 U.S. cities next year, a new analysis says. See where.: https://www.cbsnews.com/news/housing-... Disclaimer: We are real estate data enthusiasts, not licensed real estate agents, appraisers, or financial advisors. All content is derived from publicly available information, market data, and personal analysis, presented for informational and entertainment purposes only. We do not guarantee accuracy or completeness. Always seek advice from qualified real estate professionals, legal counsel, or financial advisors before making any property purchase, investment, or relocation decisions.