40 percent of transactions in NYC were done with no finance contingency ("all cash") in the last year.
That's a record and it's vastly more than years past. We live in a world where people with vast assets are beating out people who rely on job income for things like housing.
The stock market exploded the past year, and there's your bifurcation: those with assets and those without - getting worse.
That's a record and it's vastly more than years past. We live in a world where people with vast assets are beating out people who rely on job income for things like housing.
The stock market exploded the past year, and there's your bifurcation: those with assets and those without - getting worse.