All I can say is that houses by me out on Long Island in an, to put it mildly, uncertain economy, are bidding up above ask right now.
I know the same is happening in New Jersey where my sister lives.
Could only be short term...but it is happening at the moment, at least here.
Additionally it’s estimated that 25% of New Yorkers haven’t paid rent since March and 40%did not pay in June.
Right now they can’t be evicted but they are running up huge arrears. Some may be doing it because they can but those who lost jobs will be part of a “forced flight” to come.
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