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Flush with pandemic cabin fever, New Yorkers spur housing boom

作者:admin 2020-07-23

If the outbreak roars back in New York City, Anil and Joyce Lilly will not be sheltering again in their Bronx apartment. They just bought a house an hour north in the Hudson Valley.

"We need more elbow room," said Joyce Lilly, explaining their move to Washingtonville, New York. "Because we were locked into the apartment for three months, a solid three months, I feel like I'm getting out of prison and I want to run as far away as possible."

New Yorkers, anxious after weathering the worst of the coronavirus pandemic, are creating a boom in home sales and rentals around the picturesque towns and wooded hills to the north. Real estate brokers and agents describe a red-hot market recently, with many house hunters able to work from home.

We're basically reassessing our life every single day.

Music and video producer Erik Braund, moving his family of four from the Upper East Side to Saugerties

"There has been a big uptick from Manhattan people, no doubt about that," said Steven Domber, president of Berkshire Hathaway HomeServices Hudson Valley Properties. "Number one, it's cabin fever, which is wanting to get out of an apartment and having some land if, God forbid, there's a lockdown again."

The Catskill Mountains and bucolic stretches of the valley beyond the city's northern suburbs have been longtime getaways for city residents. But agents said sales and rental activity is far above normal. Domber's sales were up almost a third year over year in June. Builder Chuck Petersheim said he took eight orders in a month, compared with his usual one and a half a month.

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