As discussed in Bloomberg today, policy doesn’t impact NYC real estate evenly. Markets driven by discretionary buyers will always react first to uncertainty. Markets driven by necessity and lifestyle tend to hold. In New York, that distinction plays out neighborhood by neighborhood: • Second-home driven → more volatility • Primary-residence driven → more resilience The takeaway: There is no “NYC market” — only micro-markets. And in moments like this, expertise isn’t optional — it’s the differentiator. #NYCRealEstate #LuxuryRealEstate #NYCMarket #Bloomberg #MarketInsights