In 2021, New York’s Housing Market Made a Stunning Comeback
By: Stefanos Chen
Published: 12/31/2021Source: The New York TimesFeaturing Patrick Smith:
In 2021, New York’s Housing Market Made a Stunning Comeback
It’s a trend that will likely continue in 2022, as momentum shifts away from the suburbs and international travel returns — unless new Covid variants interfere.
A year ago, while most of the country was seeing record home sales and prices, driven by low mortgage rates and roaming office workers, New York was on the outside looking in: Sales and rentals plummeted, and doomsayers predicted the city’s demise.
Not anymore.
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