You're Not Imagining That Russian Buying Spree

From the Wall Street Journal this morning:

In New York City, foreign buyers now make up about 15% of the market, with Russians the largest contingent, says Hall Willkie, president of real-estate firm Brown Harris Stevens. “A few years ago we didn’t see any Russians,” Mr. Willkie says. “But now, especially at the high end of the market they are buying big apartments…so they are a significant factor.”

You're Not Imagining That Russian Buying Spree