Did Trump's tax overhaul slow down Manhattan's real estate market?

Manhattan's housing market reflected the impact of the new tax reform months before it was signed into law, according to Douglas Elliman Real Estate.

The number of condo and co-op sales in the fourth quarter fell by 27% from the same period in 2016 to 2,127, a report released on Wednesday showed. It was the weakest fourth quarter since 2011, according to Bloomberg.

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