New data shows 1 in 4 luxury apartments in New York City are unsold — and it could be signaling a recession is near
Business Insider -

One in four luxury apartments in New York City is unsold, according to new data from StreetEasy.

It's a sign that investors are worried that an economic downturn is on the horizon, says Grant Long, a senior economist at StreetEasy.

"Demand for high-priced condos seems likely to be an early casualty of a potential future recession," he said.

Read more on Markets Insider. 

One in four luxury apartments in New York City is sitting empty because it hasn't been sold, according to new data from...

Read this story at

Loading...

Related Articles