The Real Deal New York

Residential market report: The domestic buyer returns

U.S. purchasers ‘sense an opening’ as foreigners pull back in midst of global turmoil
By E.B. Solomont | March 02, 2016 05:35PM

Jeff Blau Merav Shalhon Jeff Schleider

From left: Jeff Blau, Merav Shalhon and Jeff Schleider

From the March issue: Shortly after headlines proclaimed Manhattan real estate was feeling a “Russian chill” in early 2014, Chinese cash flooded the New York City market. The trend was so pronounced that 2015 was declared the “Year of the Chinese Investor” in these pages. Now, amid global economic turmoil, the residential market here is leaning on the good old domestic buyer to prop up sales. [more]