The Real Deal New York

Oil’s down, China’s getting rocked and the stock markets are going nuts: How will all this impact NYC real estate?

The real deal breaks down the local impact of the global economic tumult

March 29, 2016 09:30AM
By Konrad Putzier

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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.

Welcome to the realities of the global economy. [more]