Finally, the headlines are reflecting reality.

A new Fortune article cuts through the noise and gets to what those of us on the ground have been seeing all along: Manhattan’s luxury market hasn’t blinked. Despite breathless predictions following the Mamdani election, millionaires and billionaires are still buying, new development is absorbing, and capital continues to choose NewYork. The city’s obituary has been written more times than I can count. It’s never been right.

This is why listening to trusted, data-driven voices matters more than clickbait headlines optimized for outrage and ad revenue. Markets don’t move on fear, they move on fundamentals. And New York’s fundamentals remain undefeated: scarcity, global demand, and cultural gravity. Never count out a city that attracts the world’s ambition and talent.

If you’re considering a purchase, now is the moment to get ahead of it. Buyer searches should be underway now, before spring inventory tightens and the next wave of buyers shows up. Opportunity doesn’t announce itself loudly. It rewards preparation.

https://fortune.com/2025/12/04/mamdani-effect-new-york-city-real-estate-manhattan-luxury-millionaires-billionaires/