Source: Forbes —
When the first iteration of the coronavirus descended on New York City in March 2020, almost two years ago, commerce pretty much ceased. No one went to stores. No one went to restaurants. In fact, no one except essential workers went much of anywhere at all. The city and its real estate market began to come back to life as summer turned to fall and people ventured, hesitantly, once again out in the streets. And as the city slowly came to a semblance of life, agents all over town realized that buyer priorities had changed. Walking distance to work and to schools suddenly became a priority. Outdoor spaces looked more attractive than ever after six months of being homebound. And townhouses, once a specialty market, became hot. No elevator, no shared space, your own garden or terrace space (or both). Starved for escape from their apartments but apprehensive about human contact, New Yorkers found that their homes seemed more important than ever before. And the real estate market trickled back to life.