The real estate market felt robust since the start of the new year, despite rates remaining in the high 6% range (and even hitting 7%). Anecdotally we've been busy with buyers across Manhattan and Brooklyn and are seeing activity across price points (under $1M to over $5M, and in between). There was much chatter in the industry about the effects of devastating wildfires on real estate in Los Angeles, as well as how that might affect the market here. Our hearts go out to all of those affected, and we hope that they are able to return to some semblance of normal life as soon as possible.

 

Though there is much uncertainty about how the new administration will impact macroeconomic conditions, as of now, there is momentum going into the Spring in the NYC real estate market.

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