Big Apple Buyers Are Back As Big Demand Fuels Market
New York is baaaa-ack. The energy is apparent, from the bustling restaurants to top talent returning to office buildings. And along with this upswing has come a renaissance in New York real estate.
“We are currently in a correcting market and heading back to pre-pandemic economy norms: balanced supply and demand, attractive value-related pricing, a re-embracement of residential life in Manhattan, and our beloved international buyers ARE back,” says Nikki Field with Sotheby’s International Realty – East Side Manhattan Brokerage.
In fact, despite the news swirling around about inflation and interest rate hikes, demand remains strong. So what does that mean for buyers and sellers? Top agents from Sotheby’s International Realty shared some insights. Get the details.