Mapping New York City's Real Estate Hot Spots

The video tutorial explores the concept of the tipping point in real estate, where the cost of renting equals or exceeds the cost of buying a home. It highlights how this varies significantly across neighborhoods, using data from StreetEasy. The tutorial also delves into median resale prices, listing discounts, and the impact of new developments on the real estate market, particularly in areas like Soho and the East Village.

What role does new development play in the real estate market of the East Village?

Discuss the impact of listing discounts on the real estate market in expensive neighborhoods.