New York and LA lead the world for real estate investment

  • Los Angeles barely squeezed past London to reach the no. 2 spot in sales volume in the first quarter of 2016.
  • New York, L.A., San Francisco, South Florida, Washington D.C. and Chicago all made the top ten.
  • Houston also made the top 20, enjoying continued growth since last year.

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New York City is a behemoth relative to the most of the world, especially when it comes to real estate. The Big Apple totaled $14,299,661,253 in sales volume in the first quarter of 2016 – nearly double its closest competitor worldwide.