What are the current trends in the NYC housing market?
The NYC housing market is currently experiencing a rise in rental prices and a shift towards more suburban living.
Are there specific neighborhoods that are seeing more growth?
Yes, neighborhoods like Brooklyn and Queens are seeing significant growth, with increased demand for both rentals and purchases.
How does the market compare to last year?
Compared to last year, the market has become more competitive, with lower inventory and higher prices.
What factors are driving these trends?
Factors include remote work flexibility, low interest rates, and a desire for more space due to lifestyle changes.
What advice do you have for first-time homebuyers in NYC?
First-time homebuyers should consider getting pre-approved for a mortgage and be ready to act quickly in this competitive market.
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