In an interview with NTD at the 2025 NYC Real Estate Expo, Erica Parks, former Miss New York's Teen and New York's youngest licensed real estate agent working under Douglas Elliman, discusses the current housing market challenges, including low inventory due to the pandemic and election season.
She anticipates improvements with the conversion of commercial buildings into affordable residences, facilitated by new legislation. Parks highlights the transformative impact of AI on the industry, streamlining administrative tasks and enhancing client relationships. Despite the market's difficulties, she remains optimistic about the future, particularly over the next five years, and is eager to contribute to the industry's growth.