"In anticipation of the upcoming mayoral election in New York City on Nov. 4, the suburban housing markets are experiencing a surge in activity, largely attributed to Zohran Mamdani, a Democratic Socialist, leading in the polls. Mamdani's housing policies have prompted some wealthy residents to consider moving to the suburbs, particularly Westchester County. The Harrison Team at Compass, Westchester-based real estate agents, have noted a significant increase in Manhattan residents interested in suburban properties following Mamdani's primary victory."
"Mamdani's proposed housing agenda includes a $100 billion investment over the next decade, the construction of 200,000 new rent-stabilized units, and a multiyear rent freeze on rent-stabilized apartments, funded by a new tax on New Yorkers earning over $1 million annually. Westchester County, with a median home list price of $729,999, is seeing heightened interest from New York City residents considering a move due to Mamdani's policies."
In anticipation of the Nov. 4 mayoral election, suburban housing markets are experiencing increased activity as Zohran Mamdani leads in polls. Mamdani's housing agenda proposes a $100 billion investment over the next decade, construction of 200,000 new rent-stabilized units, and a multiyear rent freeze on rent-stabilized apartments funded by a new tax on New Yorkers earning over $1 million annually. Those proposals have prompted some wealthy Manhattan residents to consider moving to suburbs, especially Westchester County. Westchester's median home list price is $729,999, and local agents at Compass report a notable rise in Manhattan buyers seeking suburban properties.
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