In Sunday’s New York Times, there was an article titled “What’s next?” which talked about the trends in the NYC real estate market.
- I agree with several of the points including that in 2015:
- AirBnB will continue to be a force in the NYC area as people rent out their rooms
- Rent stabilization will be an issue heavily discussed as those laws are set to expire.
- More luxury housing will be built
- Emerging neighborhoods like the Bronx will see an influx of new residents