In 2021, New Yorks Housing Market Made A Shocking Comeback The Brand New York Instances
Commercial property values are set within the funding market, whereas residential prices are sometimes or typically set within the unoccupied market, so there is a distinction in behaviours. NAR Chief Economist Lawrence Yun joined different leading housing analysts Tuesday at NAR’s virtual Real Estate Forecast Summit to discuss sales projections heading into 2024—and the experts agreed that better days are forward for the real estate market. After two years of sharp declines, existing-home sales are poised for improvement in 2024. But first, this slice of the housing market must weather the rest of a rocky year in 2023, with existing-home …