January 17th 2023
Wall Street Journal
New York City’s luxury residential market faces numerous obstacles at the start of 2023, ranging from high interest rates to signs of a disappointing bonus season on Wall Street.
Sales of the city’s most expensive apartments slowed in the second half of last year, and brokers and analysts said they don’t expect a turnaround soon as the prospect of an economic slowdown pinches even the most affluent home buyers.