NYC exodus will end in April, real estate analyst predicts

 local real estate analyst predicts that New York City’s long-running exodus, which precedes the COVID-19 outbreak last year, will end in April.

“Fewer people are leaving the city and more are returning,” reports Nancy Packes Data Services, following a study conducted with Eastdil Secured.

Those two trend lines will finally cross paths this month, when the number of households moving into New York City should exceed the number leaving for the first time since at least January 2019 — the first month cited in the report.

Departure rates out of New York quickly accelerated in March 2020: 89,221 households split town amid COVID-19 fears, more than doubling the number of the previous month, while only 47,718 moved into the city....
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RSK: It probably already has ended, but many who have left will not be returning.