The New York housing market has come to a complete standstill due to the corona crisis. That is the opinion of independent broker Barbara Konings. This makes it very easy for tenants and buyers to close a good deal, but whether they do so is another matter.
According to Konings, the normally dynamic housing market of New York City has come to a complete standstill due to the corona virus. “It’s overwhelming. There is a lot of supply and little demand, because many people have left the city. That applies to both the rental and the owner-occupied market.’
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Good deals
To try to make the most of it, Konings approaches tenants to buy after all. This is not easy, however, because many Americans are postponing major spending in the corona crisis. In addition, rents are also falling. ‘You can make good deals. Big discounts are given and months rent-free have been given.’
Because Konings has to pay taxes in the state of New York, she was able to use the first support fund of the federal government. However, the Democrats and Republicans are not yet in agreement about the second support fund.
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