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Elliman Report: Manhattan Sales 2Q 2018

Uncertainty continued to play an important role in the current housing market as the market reset continued. External influences outside of the vibrant city economy such as rising mortgage rates, the potential impact of the new federal tax law and an unclear direction of the national economy have continued to remain a concern of market participants. The number of sales declined year over for the third consecutive quarter but fell short of the prior quarter record. There…

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