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Manhattan home resales drop as tax overhaul sidelines buyers

Federal tax overhaul curbs 2018 sales in NYC. an uptick in mortgage rates may have resulted in a slowdown among buyers and sellers.". percentage of resales in Manhattan was on the East.

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Manhattan home resales fell in the fourth quarter as buyers wavered ahead of the expected tax overhaul and stood firm in their refusal to overpay. Sales of previously owned condos and co-ops dropped 11 percent from a year earlier to 2,127, appraiser Miller Samuel Inc. and brokerage douglas elliman real estate said in a report Wednesday.

Manhattan home resales fell in the fourth quarter as buyers wavered ahead of the expected tax overhaul and stood firm in their refusal to overpay. Sales of previously owned condos and co-ops.

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New Taxes on Vancouver & BC Real Estate After Tax Overhaul, Manhattan Real-Estate Sales Seize Up – WSJ – The new tax law’s elimination of some tax advantages of owning property have brought about a standoff: buyers are becoming convinced that prices are due to fall, while sellers are unwilling to.

(Bloomberg) — Manhattan home resales fell in the fourth quarter as buyers wavered ahead of the expected tax overhaul and stood firm in their refusal to overpay. Sales of previously owned condos and co-ops dropped 11 percent from a year earlier to 2,127, appraiser Miller Samuel Inc. and brokerage.

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The new tax code targets three key provisions that make owning a home financially attractive: It limits the mortgage-interest deduction to loans of $750,000 (down from $1 million); it creates a.

THE BUSINESS TIMES Manhattan home resales – Find Manhattan home resales News & Headlines, insight and analysis in Singapore, Asia-Pacific & global markets news at The Business Times.. Manhattan home resales tumble as US tax overhaul sidelines buyers.

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New Yorkers rush to beat the new tax law. Erik Engquist. Manhattan home resales drop as tax overhaul sidelines buyers. Crain’s New York Business is the trusted voice of the New York.