Tag #Housing Trends

How did the political landscape and broader economic conditions affect the real estate market during this period?

The Republican election victory seemed to calm financial markets, possibly due to expectations of reduced regulation and taxation for the wealthy. Condos' popularity is driven by modern amenities and readily available inventory across Manhattan and into Brooklyn, contrasting with the issues of renovation needed for many co-ops. The shift in preference away from traditional status addresses like Park and Fifth Avenues toward Tribeca reflects changing buyer demographics and preferences.