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Will New York City’s Real Estate Bounce Back in 2021?

Will New York City’s Real Estate Bounce Back in 2021?

When Covid lockdown restrictions in NYC were slowly eased in the months of May and June, Manhattanites cautiously emerged from their homes to 400,000 fewer neighbors. The resilient city has rebounded before but can it do it again.

Escape from New York

Escape from New York

Edge on Hudson, a 70 acre mixed-use development built right on the waterfront of the Hudson River at the junction of Tarrytown and Sleepy Hollow, New York. 37 minutes from Manhattan.

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Rent? Buy? Run to the Burbs? Deciphering New York’s Wild Real-Estate Market.

New York City is among the most expensive and competitive housing markets on earth, and it has also been among the most hard hit by COVID-19 (Curbed)

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NY real estate sales plummet nearly 50 percent relative last year

The Real Estate Board of New York on Thursday reported that in September 2020 relative to September 2019, total investment and residential sales volume in the state declined 47 percent and tax revenue generated declined 36 percent, resulting in a $61.6 million loss in tax revenue for the city and state year-over-year. (Brooklyn Eagle)

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New York State's Regional Monitoring Dashboard

As part of the New York Forward Reopening Plan and Guide, Governor Cuomo has launched a regional monitoring dashboard, which tracks whether regions are meeting the seven metrics required to begin phased reopening. Our team will be sure to keep a close eye on these metrics to ensure we are ready to restart our industry when our public health crisis has neutralized. You can visit the Regional Monitoring Dashboard here. (REBNY)

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