This past Tuesday John Engel hosted a lively discussion on changes in the New York residential market and its immediate impact on the suburban market, particularly the Gold Coast of Connecticut.
We learned from chief economist Greg Heym when New York might bounce back. Darien’s 1st Selectman Jayme Stevenson responded with yet another tax cut. Scott Hobbs is building more second (and third) residences than ever. Arnold Karp wants to build another 300 apartments to meet the demand he’s seeing in New Canaan. Steve Kliegerman practically sold 5 new New York apartments during the discussion. John Engel asked if this optimism was misplaced and the panelists told him why it’s not, that the greater New York market is the economic engine for the nation and always roars back.
Click here to watch the entire hour-long zoom conference.