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Deep impact: How volatility in China, plummeting oil prices and other global market freakouts will affect NYC real estate
For its March cover story, The Real Deal looks around and reports on the potential fallout
From the March issue: Hardly a day has gone by in 2016 without headlines about turmoil in the world’s financial markets and struggling economies. High on the list of concerns: plunging oil prices, erratic stock markets, the slowdown in China, a rising dollar and a possible U.S. recession. Yet these days, it’s not just brokers on Wall Street who have their heads in their hands but also those in the New York City real estate market. [more]