The short month of February is quickly coming to a close in the midst of chaos and volatile markets across the globe. Everyone’s thoughts and prayers are with the citizens of Ukraine.
It’s been difficult to navigate the turmoil as investors weigh uncertainty and figure out a way to preserve capital with fears of inflation, and rising interest rates, along with political risk as governments manage the threat of war. Hopefully this is the worst of these difficult times.
Even with all of this unease, the New York City real estate market continues showing strength. The LivNY team has been helping opportunistic buyers and sellers take advantage of the very active market.
We have a lot of new listings coming up this spring and are very optimistic. It feels like we are in the middle of the pendulum between buyers and sellers, where both buyers and sellers are having no trouble meeting in the middle. However, it hasn’t been easy for the tenants, and it’s a good time to be a landlord. Renters are still facing a low inventory environment and aren’t able to find a deals.
The spotlight this month is on crazy rental market. Finding affordable housing in New York has always been a challenge. Now, post-pandemic, renters are competing over low inventory and prices continue to go up. It seems like buying is the only way to get out of the frustrating rental market.
