outbreak. New listings also increased 57% since last week, reaching a level not seen since March 2, according to data compiled by UrbanDigs.
"What this tells us on a high level is the recovery on the listing side has started to take hold and is looking like the V-shape that was anticipated earlier this year," he said. Data sets put together by Derderian and Jesse Kent, the CEO of real estate public relations agency Derring-Do, show that prices have not gone down substantially despite the crisis."There has been wide speculation that prices were going to decline 10 to 20%, but as of now, that is simply not the case," said Derderian."In fact, there may be a silver lining for the Manhattan housing market as workers may want to rely less on public transit and walk to work.
"Because there's so much unknown right now, the profile of the buyer is someone who believes in New York long term," said Michael J. Franco, from real estate broker Compass.Even while the market appears to be recovering, Warburg Realty's Bill Kowalczuk explained that the process of viewing and buying has changed due to the coronavirus.
Why are Dem Cities always criminal and bankrupt?
Yeah, because everyone is going to leave after Blasio announces a $1 bln cut to police 🤡😂👋
Said no one ever. Just blatant lying. Come on dem supporters think
Translation: the city's facing a crisis on multiple fronts, but nothing to see here.
This is what all of the people with money wanted! Now they can wait a little while longer and swoop in and buy all the real estate. The government bailed out the banks and Wall Street!!! They can come and bail out the mom and pop stores on Main Street!!!! Prob won’t happen w/DJT!
There were once businesses where there are now 'For Rent' signs. That's not 'bouncing back'.
NYC will not bounce back as long as Covid Cuomo and deBlasio have their way.
Lmao what a spin job. Yea, ppl are listing their homes cause they want the fuck out of there. You’re as fake as cnn.
No it’s not
😂😂😂
Burn it down
Ok good one!🤔
That’s why they call it New York
Why? New York is dying !
That's too bad since so very many having difficulty deciding whether to pay rent/buy their med/ buy food for family/pay utilities... But, oh, good for the wealthy who will continue to scalp renters of business/homes/apts.
You lier do your home work
I’m sure property value is through the roof in that warzone.
Who would want to live in NY with everything going on ? Does not seem legit.
Because people are selling and leaving
There are more listings because people want out of there, the question is wether or not they can sell them. walkaw who destroy your state
Ya Think ?
Wrong. They are leaving in droves. Check their population! Another Democrat disaster
A few more riots might slow things down...
Democrats ruin everything
Ok, who’s lying now?
In Harlem?
What a surprise
Maybe it’s time to remove “News” from your twitter name
Everyone’s getting the hell out of there
Right wingers want to see New York city’s demise but it’s not gonna happen. As long as it has plenty to do(great restaurants,pro sports,great nightlife,tourist attractions)people will always flock to the city no matter how high it is to live/visit there.
No people are selling to move the hell out
It’s over.
Buy low, sell high.
FAKE NEWS
Dems Useing Black Lives Matter ANTIFA other organizations to put fear in people's lives not everything in America is about race they want free everything open borders they will destroy this country to get it all led by Satan
😂😂
DemocratsTheEnemyWithin
I am still questing how banks can project future revenue of a Business/Restaurant. How do you project unknown values with so many variables to enable them to loan?
Thanks to the strong economy Trump built!
Really? With people like AOC running off businesses like Amazon? Taxes will have to go up to compensate. People are leaving in droves.
No wonder. Who would want to live there? High taxes & rioting? No thanks.
Supply n demand. If we actually used some sensible population control (thus lowering the demand) the landlords & religions would shit themselves.
Rise in listings is from those moving out of the city.
Why does the real estate loan cost more than the freakin home & land rights it's on? Who decided that? Real estate agents/brokers are the most useless wasteful jobs that rape society and keep it in servitude.
Only homes outside the city.
Somebody please buy trump tower and rip the name off that building!
Is this suppose to be satire?
Complete BS. Nobody believes one word of this. Nobody.
The listings are going up bc they're vacant bc of the lockdown idiots
Lol it’s in fire every night. Bullschiff!
Fuck me
How do you write this and then come to your conclusion? Is this an ad or an article? “Though listings are down 36% from this time last year, brokers are confident the slump in the market is temporary”
The market is bouncing back up? Because there is a crap ton of listings Did I hear that right Bouncing back to me would Read!!! Fewer and fewer listings are reported as record numbers of businesses reopened!!! Not cause there is a ton of listings!! Hire me, I'll held you!!
If you call mass evictions a bounce back🤔
...because they know Trump will win and the economy will come back.
Too bad. It's outrageous as it is.
It’s a disaster out there. Anyone buying now is crazy.
Bwaaahaaahaaaa. No.
Not for 10 years
Buy! Buy! Buy!
Like hell it is..
'After millions have lost jobs, NYC to be even more unaffordable.' There, fixed your headline!