2025 NYC real estate forecast: Buyers and sellers tango, renters hold their breath

… wouldbe buyers in rentals and this raised competition for apartmentsa continuation of a trend seen in previous years … the cards for 2025 thanks in part to borrowers willing to accept the new normal for mortgage ratesand at the higher … expected to ease a bit when mortgage rates eventually dip That is what happened in the second half of 2024 Median …

By Jennifer White Karp |January 2, 2025 - 12:30PM