MDLNY’s Tyler Whitman on New York’s real estate comeback
Today’s HousingWire Daily features an interview with broker and star of Bravo’s “Million Dollar Listing New York,” Tyler Whitman. Whitman, who leads The Whitman Team at New York real estate brokerage Triplemint, discusses the current state of New York real estate.
Here is a small preview of the interview, which has been lightly edited for length and clarity:
Alcynna Lloyd: We’re hearing a mixture of commentary on how the New York real estate market is performing. Some brokers say everything is coming back and others mention empty businesses and apartments, major price reductions, and more. So, what’s actually going on?
Tyler Whitman: There are a lot of people coming back, so it really depends on which price point we’re talking about. Most of my listings that are priced around $3 million are selling within the first couple of weeks to multiple offers. Most of these buyers are people who read the press and decided they wanted to stay in New York and saw an opportunity. At the same time, there were a lot of people who saw an opportunity and came back. My opinion as to why there’s some mixed messaging right now is because a lot of the people who are buying in the city are looking for an opportunity. It’s time to invest in the comeback of the greatest city in the world and brokers are getting really excited about what’s going on in the market.
HousingWire Daily examines the most compelling articles reported across HW Media. Each afternoon, we provide our listeners with a deeper look into the stories coming across our newsrooms that are helping Move Markets Forward. Hosted by the HW team and produced by Alcynna Lloyd and Elissa Branch. If you have a pitch or an inquiry relating to podcasts, you can reach our team at email@example.com.
Below is the transcription of the interview. These transcriptions, powered by Speechpad, have been lightly edited and may contain small errors from reproduction: