Property sales across the country fell 18% year over year in the first quarter, and in New York City they plunged 58%. The dip comes after a frenzy of building followed by growing concerns over possible higher interest rates and inflation, plus worries that President Donald Trump's promised tax reform could be in jeopardy. As a result, some construction projects have been put on hold, although others are moving ahead.
Dip in property sales affecting some building projects
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