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Where the Wealthy Want to Live

Wednesday, 13 Jul 2011 | 5:20 AM ET

Current residents upgrading their homes combined with an influx of new residents continue to push Manhattan real estate prices higher. "A big problem right now with respect to the luxury housing market in New York City is that there aren't enough apartments available for sale... and I think New York City is the primary global real estate market," Shaun Osher, CEO of CORE told CNBC.