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New York

Inventory crisis expected to last through 2015

New housing supply targets luxury market, squeezing the other 90 percent of buyers

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From the October issue: Recent years have seen some of Manhattan’s buzziest and most luxurious new developments — 432 Park Avenue and One57 among them. But these pricey new condo buildings are doing little to reverse the current Manhattan inventory shortage, experts told The Real Deal. [more]

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Housing MarketMiller Samuel