A Market Transitioning, Not Tumbling
While some parts of the country face housing market adjustments, Albert Dweck of Duke Properties remains confident in the underlying strength of both New York City and well-positioned real estate markets nationwide. “Real estate, by its very nature, is cyclical,” says Dweck, “but what we’re seeing today is not a crash — it’s a healthy rebalancing after several years of unprecedented growth.”
Recent data points to elevated risks in certain regions like California, Florida, Illinois, and pockets of the NYC metro area. However, Dweck emphasizes that these localized vulnerabilities actually create new opportunities for responsible investors and homeowners who prioritize fundamentals over speculation.
Resilience in New York City’s Global Magnetism
Despite being named among the regions facing affordability pressures, New York City continues to attract global attention due to its unmatched business infrastructure, cultural diversity, and long-term economic stability. “Even during periods of market recalibration, New York’s international appeal remains unshaken,” says Dweck. “The city consistently adapts and evolves to meet changing market demands.”
With the rise of luxury developments that integrate wellness, innovation, and lifestyle experiences — many of which Duke Properties has embraced — NYC remains a beacon for both domestic and international buyers who seek world-class living standards.
National Housing Markets: A Healthier, More Sustainable Market
Duke Properties views the moderation of price growth not as a negative sign, but as a necessary correction after years of rapid appreciation. The over 50% surge in home prices nationwide over five years was simply unsustainable long-term. Today’s market shifts are driven not by poor lending standards or rampant foreclosures, but by natural market forces — including rising mortgage rates, cautious buyers, and evolving demographics.
“Unlike the crisis of 2008, we are not facing a wave of distressed sellers,” Dweck notes. “Most homeowners have significant equity and stronger financial profiles. This creates a much more stable foundation for real estate going forward.”
A Window of Opportunity for Thoughtful Investment
As sellers adjust pricing expectations and buyers gain negotiating power, Duke Properties sees this transitional phase as a window of opportunity. With careful due diligence, buyers can now enter the market at fairer valuations, while investors can target assets with strong long-term potential.
“The fundamentals remain strong — employment is resilient, lending standards are responsible, and inventory is still far from oversupplied,” Dweck explains. “In these conditions, real estate remains one of the safest and most rewarding long-term investments.”
Confidence for the Road Ahead
Albert Dweck remains optimistic that NYC — and many stable metro regions nationwide — will emerge from this phase stronger, more balanced, and more sustainable. “Real estate continues to be about location, strategy, and long-term thinking. At Duke Properties, we’re prepared, well-positioned, and excited about what lies ahead.”