If you’ve been following headlines, you know New York real estate never sits still and 2025 is no exception. Here’s what I’m seeing on the ground, and what it means if you’re thinking about buying or selling this year.
Rental Policies Are Impacting Purchasing Decisions
With the FARE act passed, rents are up 7-15% across NYC. With the rental increases, it makes the rent vs. buy decision a little easier to convince yourself to take the plunge with the mortgage interest and property tax deductions.
Politics Are Impacting Short-And-Long Term Decisions
Politics play a big role in NYC real estate. With the cost to upkeep a building increasing with property taxes, insurance, labor rates, and more, with the government restricting fair market pricing in the name of "affordable" housing, this will make investing in NYC a tougher decision. People will speak with their money and we could see multifamily properties get listed for 1031 across the country.
Interest rates are shifting the playing field.
Buyers are still rate-conscious. Sellers need to be realistic, strategic, and ready to stand out. That might mean pricing, condition, staging and more.
Buyers are savvier than ever.
People are asking better questions, about carrying costs, building health, resale value. If you’re selling, you need to be prepared with clear answers and sharp pricing. If you’re buying, the right data can help you avoid overpaying or settling.
Here is my advice - be informed, be ready, and work with people who aren’t guessing. There is always opportunity if you know where to look.
