How New York City's housing market after the pandemic will compare to post 9/11 — industry leaders see many similarities, but a few crucial differences
Business Insider talked to several industry experts on the current downturn in New York City's current housing market — and they agreed it reminds them most of the housing market after 9/11.
There were the near-bankruptcy years of the 1970s and the Great Recession in 2008-09 — to name just a few. "Before 9/11, we had a good market. The market back then was steadily going up about 10% to 20% every year," luxury broker Lisa Lippman, a 22-year industry veteran, told Business Insider.
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