Just wrote, How Recessions Impact Manhattan Property. Analysis looks at how prior 9/11 and Lehman recessions impacted Manhattan and U.S. real estate prices.
In the past 5 recessions before the current Great Lockdown Recession, only 2 events saw property price declines. This shows that as long as real estate is supported by demand and supply fundamentals, they usually weather the recession and experience natural price increase.
About:
Wei Min Tan is a Manhattan, New York property broker focusing on global investors of Manhattan condominiums. Wei Min has been interviewed by CNBC, CNN, Wall Street Journal and New York Times on the Manhattan property market. Wei Min can be reached at tan@castle-avenue.com
No comments:
Post a Comment