It’s been a pretty scary year, but if you’re in the celebratory mood…Happy Halloween! We had a full week of rainstorms but it’s cleared up for today. Perfect time to get out and enjoy the city, but don’t forget to wear your mask. Boo!
The New York real estate market has been quite frightening as well. Landlords are giving away apartments at prices that haven’t been seen since 2011. Renting an apartment has never been easier as there is a lot of inventory and very few renters.
Value buyers are eyeing the real estate sales market looking for deals. There is always money sitting on the sidelines waiting for the perfect apartment. With low interest rates it’s tough not to have an urge to buy. Low carrying costs have people buying in Brooklyn and continue pushing prices higher.
Spotlight this month is on the exodus of New York City. Many residents are staying out of New York City: are they leaving for good or will they come back even faster than they left?
