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New York

2016: The year of the slowdown?

TRD hits up a cross section of experts to get their best predictions and biggest concerns for the New Year

On the Chinese calendar, 2016 is the year of the monkey. But in the NYC real estate market, could it be the year of the slowdown?

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This month, The Real Deal hit up top industry players to get their best predictions and biggest concerns for New York’s real estate market in 2016. They weighed in on everything from where residential prices will go to which new foreign investors will flock to New York. Industry insiders do not seem overly worried about the Fed raising short-term interest rates last month (see related story) or the much-anticipated 2016 presidential election. Rather, they are more interested in what City Hall has on tap for affordable-housing development and what will happen with consumer confidence. Here’s what they had to say.

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