Doomsayers predicting an exodus of the wealthy from New York City in the wake of Zohran Mamdani's mayoral victory appear to have been wrong as pricey real estate sales are up in the city.
Sales of luxury homes in New York City — properties that cost $4 million or more — actually increased by 31 percent in November compared to October, according to real estate brokerage Olshan Realty, which spoke to Newsweek.
