Sales of Manhattan homes and apartments for $2 million or more in July shrank to the lowest level for any month in seven years after a new transfer tax took effect
Sept. 1, 2019 9:00 am ET In June, sales of luxury residential real estate soared like a Midtown skyscraper as buyers rushed to beat a looming July 1 tax increase. In July, they plummeted back to earth to the slowest pace in years, according to a Wall Street Journal analysis.
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