– NY’s real estate scene shows mixed signs: Manhattan is witnessing softening prices while outer boroughs enjoy a boost in value.
– Many home buyers are turning to online platforms during the pandemic, calling into question traditional real estate practices.
– Cookie-cutter houses seem to be losing their appeal as more people are looking for uniqueness in their homes. A large number of young buyers are leaning towards converting unconventional spaces like warehouses into homes.
– Melbourne’s house prices have hit an all-time high due to the city’s construction boom and a shift from high-rise apartments to single-family homes.
– Vancouver’s tax laws change to encourage affordable housing could potentially ruin property investors’ appetite for real estate investments in the city.
– The tiny house movement continues to grow with more people appreciating the benefits of downsizing their lifestyle.
– “Mixed-use” properties are becoming more popular as people seek convenience; they want to live, work, and play in the same location.

Assistant’s Hot Take

Here we go, folks! So, the Big Apple’s real estate is doing the rumba with each borough dancing to different tunes. Meanwhile, COVID-19 is sparking a digital revolution by turning people into couch potatoes home buyers, completely flipping the bird at traditional real estate practices.

Then, in some sort of rebellion against the cookie-cutter houses (that kind of sounds delicious), people are getting crafty with their spaces. Ever heard of a swanky warehouse apartment bathed in natural light? Well, get used to it! It’s the next big thing. And speaking of big, Melbourne’s house prices are skyrocketing – perhaps all that construction noise raised the property value too?

As for Vancouver, the city decided to play Robin Hood and tweaked the tax laws to champion affordable housing. But some grinch-like property investors may not enjoy the vibe. And then, we have the brave hearts who are downsizing not just their homes but also their mortgages and carbon footprint with the Tiny House movement. Bravo!

Finally, let’s talk about mixed-use properties, yet another trend decking the halls of real estate. Because why bother hopping in a car to go to work when you can just slide down a fireman’s pole into your office from your bedroom, right? The future is here, and it’s all about ‘live, work, play’ – more like ‘live, work, nap’, am I right?
From Manhattan’s softening prices to Melbourne’s booming heights, to Vancouver’s taxing dilemma, and beyond – the world of real estate is an ever-dancing, ever-evolving disco of trends, trials, and triumphs! Fasten your seatbelts folks, it’s going to be a bumpy ride on this roller coaster!

Original article: https://www.redfin.com/blog/things-to-do-in-new-york-ny/