The debate over whether courses carry their fair weight has raged around the country for years.
Luxury buyers have gotten more options in other New York suburbs and Manhattan’s new condo towers.
The use of “whisper listings” has accelerated in recent months while New York home sales have slumped.
The alternative to New York's new luxury property tax would have been far worse, they say.
The new cap on federal state and local tax deductions may be dampening buyer sentiment in New York.
Buyers are getting bargains as sellers reduce asking prices for high-end properties.
Just 48 percent of the homes listed from March through May of last year had been sold as of Feb. 1.
The Connecticut hedge fund manager enclave is catching the ripple effects from a weak New York market.
Fourth-quarter sales of co-ops climbed 16 percent from a year earlier.
Divided government may increase investors' uncertainty, said Mazen Issa at TD Securities.
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