Bloomberg Businessweek

Too Much Inventory

Shoppers for luxury homes are facing a promising 2019—and not just in major cities

The luxury real estate market in 2018 wasn’t great for many people. Sellers in cities as far apart as London, Los Angeles, and New York found themselves facing daunting macro- and microeconomic headwinds, while buyers, on the other hand, had to contend with overpriced stock and rising interest rates—and taxes.

In 2019 every market indicator points to things getting worse for sellers.

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