Why I Am Not Worried About NY Politics Shaking the Real Estate Market

The Weekly Recap

Good morning, happy Friday! NYC has a new mayor, the median age for a first time homebuyer hits a new decade while the median cost for a home in NYC also went up this month. Bitcoin briefly fell below $100k, the government shutdown continues forcing major flight delays across the US and you can now skip your horrible traffic filled drive home to the suburbs with a 12 minute helicopter ride.

If you missed last weeks newsletter on Fed Cuts Rates Again Amidst Uncertain Economic Data, you can read that through the link.

Why I Am Not Worried About NY Politics Shaking the Real Estate Market

Every election cycle brings with it a fresh wave of speculation, and anxiety, about what might happen to the New York City real estate market if a particular candidate takes office. The latest headlines surrounding Zohran Mamdani’s potential mayoral run are no exception. But here’s the truth: I’m not worried.

That’s because New York City real estate isn’t defined by politics, it’s defined by history, resilience, and global demand. This city has weathered market crashes, interest rate shocks, tax reform, 9/11 and multiple ideological swings at City Hall. Through it all, three factors have protected the market’s long-term value:

1. A Proven Track Record of Appreciation
Over time, New York real estate has consistently appreciated, outperforming many global markets. Neighborhoods evolve, cycles rise and fall, but the underlying value of owning a piece of New York remains steady. Investors know that the city’s finite land, powerful job market, and enduring cultural magnetism are the ultimate hedge against uncertainty.

2. A Flight to Quality
In every period of volatility, both domestic and international investors seek stability and they find it here. Manhattan, Brooklyn, and the prime neighborhoods of Queens continue to attract capital because they represent quality: world-class architecture, access to talent, infrastructure, and culture. Even when sentiment wavers, the intrinsic quality of New York’s housing stock holds firm.

3. A Safe Haven for Global Capital
New York is one of the few markets in the world where global capital feels at home. Buyers from Europe, the Middle East, Asia, Canada and Latin America continue to see it as a store of value. Its a place where property rights are protected and where investment can be preserved across generations.

The reality is simple: one person, no matter how conservative or radical their agenda, cannot displace the long-term investment desire in New York City. Policy can influence the pace of development or change the rules around taxation, but it can’t rewrite the fundamentals that make New York real estate one of the most sought-after assets in the world.

For serious investors, volatility is often opportunity. And in New York, opportunity has always rewarded those who think in decades, not election cycles.

Market Performance

Here are how some other indexes and asset classes have performed as of this morning’s opening bell.

NYC Market Update

Here is a view of NYC market activity over the past week.

Mortgage Rate Update

This week the 30-year fixed-rate mortgage averaged 6.22% remaining essentially flat week over week. On a median-priced home, this could allow a homebuyer to save thousands annually compared to earlier this year, showing that affordability is slowly improving.

News You Can Use

• US Median First Time Homebuyer Age Reaches New Record Bloomberg

• Wall Street Drops Fears of ‘Hot Commie Summer’ After Mamdani Win Bloomberg

• NYC’s Median Home Sale Price Soared to a Record High NY Post

• JPMorgan’s Top Banker in Europe Predicts Big M&A Activity in 2026 Bloomberg

• Wealthy Investors Are Expected to Drive $32 Trillion in Alternatives Boom CNBC

• The Fed’s Wait and See Approach to AI Can’t Last Bloomberg

• Bitcoin Falls Below $100,000 Bloomberg

• Government Shutdown Expected To Be the Longest Ever CNBC

• Wall Street Bonuses Projected to Jump for Second Straight Year Bloomberg

• Landlords Have Spent Billions On Upgrades for Sixth Ave Towers, Now They Are Paying Off NY Post

• Bond Traders Turn to Private Data After Powell Clouds Fed Path Bloomberg

• NYC Gets 12 Minute Helicopter Ride to Rescue Suburbanites From Gridlock Bloomberg

The Deep Insight

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