In an interview with NTD at the 2025 NYC Real Estate Expo, Mathew Klein, chief sales officer at ShortSaleHomes.com, a short sale negotiator, discussed the current housing market trends, highlighting an increase in foreclosures and financial struggles among homeowners.
He noted that New York is particularly challenging due to lenient squatter laws. Klein emphasized the opportunity for investors to buy foreclosed properties, though the process can be lengthy.
He dismissed concerns of a 2008-style crisis, suggesting that younger buyers should consider short sales.