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