March 7, 2016
According to a recent report from the New York City Department of Finance, the total property value for New York City in the 2017 fiscal year has risen above a trillion dollars for the first time, to a massive final figure of 1.072 trillion. The growth, fueled by a surging Manhattan market and increased construction in Brooklyn and Queens, means more opportunities for buyers and sellers to jump into the real estate market.
For more information, please see news coverage from both Politico New York and CNBC.