New York City has been described as the cultural, financial and media capital of the world, significantly influencing commerce, entertainment, research technology, education, politics, tourism, art, fashion, and sports, and is the most photographed city in the world. Home to the headquarters of the United Nations, New York is an important center for international diplomacy, and has sometimes been called the capital of the world.
In April 2021, the New York real estate market (statewide) showed strong sales due to pent-up buyer demand, according to the most recent housing report released by the New York State Association of REALTORS®. Closed and pending sales remained strong in April, marking the eighth consecutive month of sales growth in year-over-year comparisons.
The NYC real estate market is currently a buyer’s market which means there are roughly more active homes for sale than there are buyers. The supply for housing is outpacing the demand favoring home.
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