Luxury Real Estate Booms Amid Market Turmoil

Despite recent interest rate hikes and market volatility, luxury real estate sales in New York City are defying expectations. Dolly Lenz and Jenny Lenz attribute this surge to buyers seeking stability outside of the stock market and a desire to return to pre-pandemic normalcy. They also talk about how big banks like JPMorgan Chase (JPM) are looking to streamline the mortgage process to boost demand.

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