"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."
Suburban housing markets near New York City are experiencing elevated activity as some Manhattan residents consider relocation amid Zohran Mamdani's rise in the mayoral race. Wealthier households are exploring suburban options, with Westchester County singled out for increased interest. Local agents at The Harrison Team at Compass report a noticeable uptick in Manhattan-based buyers seeking suburban properties after Mamdani's primary victory. Mamdani's housing plan proposes a $100 billion investment over a decade, construction of 200,000 rent-stabilized units, and a multiyear rent freeze funded by a new tax on New Yorkers earning over $1 million. Higher potential taxes are influencing relocation considerations.
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