Market Value of New York Real Estate Shows Signs of Weakening

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Market Value of New York Real Estate Shows Signs of Weakening
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The total market value of all New York properties was put at $1.378 trillion, an increase of $62 billion from January 2019

Market values of existing homes, apartment buildings and commercial space rose at the slowest pace in six years, under a new assessment rollNew York City assessors are flashing a warning sign about a slowing real-estate market—even though city property-tax bills continue to rise.

Market values of existing New York homes, apartment buildings and commercial space rose at the slowest pace in six years, under a new assessment roll released last week. The annual assessments provides a valuation as of Jan. 5 of each year.

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