What the Resurgent Real Estate Market Means for NYC

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Things are still pretty expensive around town.
Photo: Spencer Platt/Getty Images

The housing market is as good a lens as any to view a metropolis’s health. I spoke with Curbed real-estate reporter Kim Velsey about what real estate can tell us about the future of New York City, and how much (or how little) the pandemic changed our idea of urban living.

Ben: At the beginning of the pandemic, it looked like New York City would be in major financial trouble for a long time to come. A year and change later, the city has its share of problems, but no one is forecasting a dire economic short-term future. City and state budgets weren’t hit as badly as many worried they would be, and the cessation of COVID and huge amounts of federal aid money flowing to NYC have helped enormously, too.

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