All Powerful Moderator
Historically the New York City Real Estate Market starts to gain steam earlier than the Spring season in the rest of the country because there is a big push from several industries (Wall Street, Big Law, etc) where a significant portion of annual compensation is year end bonuses. From everything in the media is looks like bonuses will be at or near record levels this year. Combined with the extremely hot late fall market pace right now, if demand gets kicked into an even higher frenzy after bonuses are announced it could lead to a squeeze in supply for NYC home hunters in January. Perhaps for those who are contemplating purchasing in the near future looking to either pull the trigger before bonuses are announced or waiting until most of them get spent (late Spring) is a viable strategy.
The stock market is booming. Unicorn startups are going public at a record clip. And many big companies are feeling the urge to merge. So it should come as no surprise that Wall Street bankers are expected to get big increases in their bonus checks this year.