The Street -
9 Mar 2015 19:34
NEW YORK (TheStreet) -- International investors are pouring streams of wealth into US real estate, bringing the New York real estate market to a feverish frenzy. In 2014, investment sales volume hit at a record high, overall property value appreciated by 20%, and in January, a New York condo sold for a record $100.5 million. With the record-low interest rates compounded by the dollar's record-high gain against foreign currency, international and institutional investors are cashing in both long t...
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