NEW YORK, NY - Garrett Derderian, director of data at Stribling & Associates, was recently featured in ‘Trophy homes: how the super-wealthy struggle to value their properties,’ an article by Financial Times.
In it, he says:
“What we’re seeing, especially in the Manhattan market right now, is an increasing disparity between the super-wealthy, those buying homes for $30m or above, and the mere wealthy…The super-prime market has diverged from the rest, at least in terms of the numbers of transactions happening even as the wider market is softening.”
To view the entire article, please visit Financial Times