Headlines frequently reference the migration-driven robust price growth experienced by numerous metropolitan areas, such as those below, since the pandemic began. However, what's often omitted from those stories is that 25%+ annual appreciation is unhealthy and ultimately unsustainable, often resulting in a cooling period or a price reversal altogether. Savvy investors realize this and will look to move their money ahead of this change.
Manhattan may be a prime target for that redeployment of capital and gains since its growth during the pandemic has been a much more healthy 15%, or, roughly 7% annually.
