The New York City Housing Market Is Back: Freedman

The video discusses the strong demand for co-ops in New York City, highlighting the market's recovery post-pandemic. It explores the impact of supply constraints, rising interest rates, and inflation on the real estate market. The discussion includes trends in home buying, with people rushing to purchase homes due to anticipated rate hikes. The challenges of housing supply and the high cost of land in NYC are addressed, along with the role of the new mayor in addressing these issues. Finally, the video covers the rising rents in NYC, making it less affordable despite the influx of major companies like Microsoft and Google.

Discuss the impact of inflation on housing market behavior.

What challenges are faced in building new homes in New York City?