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Manhattan, London Housing Markets Are Suddenly Reeling

When the latest reading on the Case-Shiller 20-City Composite printed within 1% of its record highs from 2006 a little more than a week ago, we asked a question that's seemingly on every real-estate investors' mind: Is this a "top" or a "breakout"? And with the effects of the Trump tax reform plan - which is expected to hammer real-estate markets, particularly in high-tax blue - having yet to take effect, already states - one early indicator that softness might be entering one of the country's most iconic (and expensive) real estate markets was reported by Bloomberg today.
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