Following a dip in the early Spring, the number of real estate transactions occurring in NYC has rebounded. How do we explain the increase while COVID remains a prevalent concern? This article published by the New York Times points to a number of contributing factors, including low mortgage rates, increases in the number of first-time and second-home buyers in the market, and new innovations that are streamlining the homebuying process. Check out the article here to learn more, and, as always, if you have any questions about buying or selling residential property in NYC, don’t hesitate to give us a call!
December 23, 2020