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

… face less competition for apartments and see lower rents because so many New Yorkers have left For tenants who have … move to or return to NYC to buy or rent an apartment Steven James president and CEO of Douglas Elliman expects buyers … finding or closing on places in the suburbswhich in turn jammed up wouldbe NYC buyers New Yorkers looking to leave …

By Jennifer White Karp |January 4, 2021 - 9:30AM