New York Governor PANICS: NYC CRASHES, Long Island RUINS Buyers скачать в хорошем качестве

New York Governor PANICS: NYC CRASHES, Long Island RUINS Buyers

New York Governor PANICS: NYC CRASHES, Long Island RUINS Buyers In New York City, the for-sale market is cooling even as demand remains tight, with active listings down 5,471 and new listings down 20.3% year over year, while the median listing price falls 6.1% to $1.5 million and time on market sits at about 90 days. Buyers have more negotiating leverage now, supported by 4.2% of listings cutting prices, even as inventory thinning limits choice compared with a national uptick in listings. Rent remains the squeeze point: about 70% of residents are renters and vacancies under $2,400 are below 1%, signaling severe affordability pressure despite a city goal of 200,000 affordable units in a decade. Long Island stands out as the strongest seller’s market, with nearly 11,000 buyers chasing just over 7,300 sellers, driven by high-end activity in villages like Roslyn and Old Westbury and a suburban premium linked to schools and NYC access. Policy shifts since 2019, especially the elimination of the vacancy reset, have reduced rent-stabilized supply and helped push about 50,000 units off the market, underscoring incentives’ role in financing stability and potential future supply. A bankruptcy and subsequent sale of a large rent-stabilized portfolio highlight ongoing fragility in the operating model when costs rise faster than rents, with about 8% of units in the sold pool facing violations versus a citywide 12% average. Looking ahead to 2026, mortgage rates hovering above 6% and accelerating NYC rent growth are expected to keep renting dominant, while the city’s supply constraints and the sunset of 421-a could complicate new affordable housing and market dynamics. If you'd like to verify the statements or numbers in this video then check out our sources: Mamdani Chose Her to Manage City Housing. Then She Had to Find an NYC Rental.: https://www.thecity.nyc/2026/02/11/di... Real Estate Market Trends in New York, NY: Prices Fall – December 2025: https://finance.yahoo.com/news/real-e... Housing market will warm up in 2026, economists say: Here's why - AZ Big Media: https://azbigmedia.com/real-estate/ho... Mamdani Doesn’t Understand New York’s Housing Market: https://www.city-journal.org/article/... Long Island named the strongest seller’s market in the US — and these towns are particularly hot: https://nypost.com/2026/01/23/real-es... Disclaimer: We are real estate data enthusiasts, not licensed real estate agents, appraisers, or financial advisors. All content is derived from publicly available information, market data, and personal analysis, presented for informational and entertainment purposes only. We do not guarantee accuracy or completeness. Always seek advice from qualified real estate professionals, legal counsel, or financial advisors before making any property purchase, investment, or relocation decisions.