When Is the New York City Real Estate Market Going to Crash? Millionacres 13 hrs ago
Recently,
Google (NASDAQ: GOOGL) reported that the search term When is the housing market going to crash? increased by 2,450% in the past month. That s a lot of people waiting for the other shoe to drop in this hot seller s market.
If any of those frantic searches were conducted by home investors in New York City, there s good news: While the Big Apple is still struggling post-pandemic to recover in the commercial real estate market, the residential market is hot. Even with what seemed to be a massive exodus of residents from heavily populated Manhattan during lockdown, the residential market has picked up steam in the city, and it s also going strong in the other four boroughs.
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