In an interview with NTD at the 2025 NYC Real Estate Expo, Pierre E. Debbas, co-founder of Romer Debbas LLP, a 30-attorney real estate law firm in New York, discussed the current market's positive momentum after three years of low activity.
He highlighted the impact of recent interest rate cuts and the pent-up demand, noting a resurgence in entry-level buyers. Debbas emphasized the co-op market's uptick due to its relatively lower prices compared to condominiums. Debbas remains optimistic about New York's future, despite reduced investment from Chinese buyers due to capital restrictions and trade tensions.