2021 NYC real estate forecast: Buyers stretch, sellers wait, and renters hold the cards—for now

… see lower rents because so many New Yorkers have left For tenants who have suffered job losses the threat of eviction … for buyers and sellers they will be looking for answers about NYCs future and the cultural impact of the workfromhome … data from UrbanDigs But on the flip side75 percent saw a profit In fact the Manhattan median luxury sales price in the …

By Jennifer White Karp |January 4, 2021 - 9:30AM
With a new supermajority, Democrats eye more progressive real estate protections for renters

… Theres plenty on the Albany Democrats agenda including an eviction moratorium a push for universal rent control efforts to strengthen fair housing laws and the possible introduction of a piedàterre tax  … … Cancellation Act of 2020  would cancel all rent for tenants as well as mortgage payments for small homeowners …

By Emily Myers |December 10, 2020 - 2:00PM