Data confirms: “Mamdani effect” never reached NYC luxury market

March 15, 2026 / no comments

When New York’s luxury market continued to swell in the wake of Zohran Mamdani’s election in November, there were questions floating around about what was driving all those expensive deals.  Was it the wealthy doubling down on the financial and nightlife capital of the country? Or was it anxiety-ridden rich folks selling their homes at a discount to flee the city?  Based on data from real estate analytics firm UrbanDigs, it appears to be a surge of buyers casting bids of confidence in the market.   In the luxury market, defined as homes asking at least $4 million, contracts rose over […]

This article originally appeared on The Real Deal. Click here to read the full story.

Section 8 court ruling muddies NYC voucher rules

March 15, 2026 / no comments

A state appellate court ruling striking down New York’s ban on Section 8 discrimination has thrown the city’s already fragile voucher ecosystem into confusion, raising questions about how or if landlords can be compelled to accept subsidized tenants. A five-judge panel in the Appellate Division’s Third Department ruled the state’s source-of-income discrimination law is unconstitutional as it applies to Section 8 vouchers. The court sided with an Ithaca landlord who argued the program’s mandatory inspections and records access violate property owners’ Fourth Amendment rights by effectively forcing warrantless searches. The decision technically invalidates the state’s requirement that landlords accept Section […]

This article originally appeared on The Real Deal. Click here to read the full story.