Luxury Housing in Short Supply in New York City, Says Extell CEO

The transcript discusses the dynamics of the luxury real estate market, highlighting the increased competition and supply. It explores pricing strategies, including the necessity of discounts in certain market conditions. The discussion also covers foreign investment trends, particularly the influence of Chinese investors, and the impact of economic factors such as interest rates and trade disputes on the real estate market. Despite challenges, the demand remains strong, and low interest rates are seen as beneficial for real estate investments.

What factors are contributing to the current state of the real estate market according to the text?

How has foreign investment in the New York real estate market changed over the past few years?

What is the impact of interest rates on the real estate market as mentioned in the text?

Discuss the competition in the luxury real estate market as described in the text.

What are the expectations for the real estate market in 2019 based on the insights provided?