Following the 2020 presidential election, there has been a noticeable uptick of real estate activity in New York City and other big cities.
According to data from Serhant, since November, the number of new deals in Manhattan increased 6% from the same period last year. This is one of the first promising signs of renewed confidence in the city, but there are other factors that brokers and agents are thinking about when considering the impact Joe Biden’s presidency will have on the U.S. real estate market.