United States experienced huge market changes in Real Estate Market in New York 2020-2021. Let's find out about the reasons.

1. Real Estate
Market
Changes in
New York
2020-2021

2. OUR RICH HISTORY
The United States experienced huge
changes between 2020 and 2021. The
coronavirus, government mandates related
to business closures, and changes in the
economy contributed to several real estate
market shifts in the past year. Needless to
say, changes in New York were even more
drastic.

3. New
Yorkers’
Health
The coronavirus devastated
New York on many levels. New
York City (NYC) was an early
epicenter of the COVID-19
pandemic in the United States.
By the end of March of last
year, NYC’s infection rate was
five times higher than the rest
of the country,

4. Economic Change
The loss of jobs brought in a
recession that raised the levels
of unemployment. The national
unemployment rate In February -
before the pandemic- was 3.5%
and in New York City was 3.4%.
By September 2020,

5. Real Estate Shifts
During the past year, New York and
the United States overall dealt with
massive transitions. A great part of
our citizens’ health and economy
were devastated, and many say
that even our civil liberties were
challenged due to certain executive
orders. Furthermore, the real estate
market changed drastically
between 2020 and 2021.

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market-changes-in-new-york-2020-2021/