"I have not had a single person tell me that they're going to leave New York City, and I am transacting at a level that is significantly higher than before (Mamdani) was mayor, or before we knew he was going to become mayor, Elevated Team at Compass co-founder Zeve Salman told HousingWire. I have not felt a quantitative slowdown on what's going on in the market. It's been quite the opposite."
"Salman said no contracts have collapsed due to political concerns and no sellers have cited Mamdani as a reason for delisting. This is New York. We've been beat up before, he said. We've had bad mayors. We've had good mayors. We've had significant events here, and the city just always pushes forward. Not a single person has told me they're leaving the city because of this, nor have I done a deal with somebody who's left the deal because of Mamdani."
Luxury brokers report that on-the-ground activity matches market numbers, with no clients indicating plans to leave New York City and transaction levels higher than before Mamdani's mayoralty. Brokers report no quantitative slowdown, no contracts collapsing for political reasons, and no sellers delisting because of the mayor. A brief election-year pause gave way to aggressive positioning by affluent buyers assessing risk versus reward, who treat purchases like stock investments. Historical warnings of post-election wealthy flight have recurred, but analysis after California's Proposition 15 found little evidence of mass migration tied to tax changes.
Read at www.housingwire.com
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