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Flashy projects like One57 making NYC sellers greedy

…More than half (56 percent) of the homes priced at more than $3 million — about 10 percent of the market — have seen price reductions since January 2012, and in the third quarter homes in that price tier had three times the inventory of all others, according to appraisal firm Miller Samuel….

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#Housing analyst, #realestate, #appraiser, podcaster/blogger, non-economist, Miller Samuel CEO, family man, maker of snow and lobster fisherman (order varies)
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