The Michael J. Franco Group

Brick Underground: What Happens To NYC Residential Real Estate If There’s A Recession

In spite of a fairly strong economy in the U.S., the chatter about a possible recession has become louder in the past few months. It’s notoriously hard, perhaps impossible, to predict a recession, and the question for many New Yorkers is: What happens to property prices and rents if the current real estate downturn becomes a full-blown recession?

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