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Stock impact report

The Mamdani effect? Sales of luxury homes spike in the Big Apple as exodus fears fall flat [Yahoo! Finance]

Anywhere Real Estate Inc., (HOUS) 
Company Research Source: Yahoo! Finance
Sales of luxury homes in New York City — properties that cost $4 million or more — actually increased by 31 percent in November compared to October, according to real estate brokerage Olshan Realty, which spoke to Newsweek The outlet also reported data from brokerage Douglas Elliman, which noted a similar increase in high-priced homes. That firm said there were a total of 176 contracts for luxury properties signed in November, marking a 25 percent increase from the previous month. Donna Olshan, the founder and president of Olshan Realty, called the expectations that a mass of wealthy individuals would leave the city if Mamdani won "pretty ridiculous." “If there were people who were thinking about moving to Florida or to another state to escape taxes, and they're older or retired, maybe this will be a bit of a push... but overall most people are just going to stay put," she told Newsweek Noble Black, a broker for the Corcoran Group, told Fox Business on Monday that there has b Show less Read more
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