The Case for Rising and Falling Real Estate Prices in NYC

The Case for Rising and Falling Real Estate Prices in NYC

So there you have it. The cases for rising and falling real estate prices here in the Big Apple. If you ask me, they both are compelling (I did write them lol). But which is more likely? How about both....... That's my take. I think prices go higher and then level off and fall. How much higher? Hard to say.... How much longer? I think at some point before the end of the year there will be a lot more inventory available, either as rates turn up or as prices rise to a point where inventory exists. How far will they fall? I don't know......I do think that at some point the Federal Reserve will turn off the monetary spigot, and the implications for that are much greater in other markets than they appear to be for NYC real estate........ But there is also the possibility that the real estate market blasts through the old highs and keeps going........This isn't a crystal ball. What this is is a look at the facts and assessing possibilities and determining probabilities. Real estate is local and so is each persons financial situation, so this is not a recommendation to buy or sell any property or investment. rise will just endure the pain of falling prices again. They view their home as their home and the value of it is just something that rises and falls....... and they are right, it is a home first and an investment second. But if you view that piece of property as an investment first then maybe you should think about how that investment will react to rising interest rates, because they are out there.....somewhere.