If you were to make a Real Estate move this year, what would it be?
The two biggest responses here were to either to buy for an investment or to sell and buy something else.
There is data to suggest that a growing amount of millennials will opt for renting rather than purchasing in coming years, but that does not necessarily apply to their investments.
NYC has historically been a renters' city, but the combination of lower interest rates and new construction over the past decade has moved the needle some. Home ownership is more common than it used to be and as people become more comfortable with owning vs renting, the possibilities of additional purchases for weekend retreats or income property become more plausible.