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'The Idea That People Would Flee New York Was Overblown.' Rise In NYC Luxury Home Sales Show 'There Is No Mamdani Effect'
Yahoo Finance· 2025-12-12 00:46
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. Manhattan luxury home sales increased in November despite fears that New York City Mayor-elect Zohran Mamdani's victory would drive out millionaire residents, according to two real estate companies. There were 176 signed contracts for Manhattan homes costing $4 million or more last month, compared to 141 in October, according to luxury real estate company Douglas Elliman (NYSE:DOUG). There were 116 Manhat ...