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Encore Market Update: A Millennial Perspective

Encore Market Update: A Millennial Perspective

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 On our show today: In New York City, the global epicenter of the coronavirus pandemic, homeowners are not putting their homes on the market so fast: new sales inventory has hit a significant low during the months of lockdown as validated by several real estate platforms. However, the New York City rental market is showing early signs of a turnaround from the sharp declines it experienced in mid-March, when public health protocols around COVID-19 took effect. This NYC rental market rebound is still beginning, but should bring some encouragement to renters, landlords, and rental agents. Also today: How Millennial’s have shifted their buying strategy. Is it in response to the COVID-19 pandemic? We will discuss.
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