The real estate market in New York is scorching hot. Bidding wars are aplenty and buyers are lining up to buy properties, usually above asking price. If you are considering buying, you may be asking yourself whether to buy now or wait. Looking at how the market is behaving, some people may be reminded of the bubble that was forming in the years preceding the 2007 real estate crash. Should you buy now or should you wait?
The answer is buy, and here is why: