NY housing highly correlated with condo prices up until great recession, have under performed since then, but then made up most of the difference during pandemic.
The residential housing market in the NY region could easily give back two years worth of gains which would put it back below 2007 highs. The condo market gains since 2007 were mostly made by 2018, but the total gains are pretty similar, it could easily give at least teh gains since 2018, and than some.
NY commuter housing has 15% correction priced in
NY commuter looks to hold value over the coming years slightly better than national market, but still has a significant correction priced in
