The New York City real estate market is renowned for its volatility and constant fluctuations. It is a highly competitive and dynamic market that experiences both booms and busts, driven by various factors such as economic conditions, population growth, and investor sentiment.
One of the primary reasons for the volatility in the NYC real estate market is the city's status as a global financial hub that attracts a significant number of high-income individuals, leading to a demand for luxury properties and high-end rentals.
The experts will explain.
