Episode 37: Nancy Wu, Streeteasy Economist & The Current State of the NYC Rental Market Amid the COVID 19 Pandemic

Nancy Wu was kind enough to share some of her time to give her thoughts on the current state & the future of the NYC rental market.  Nancy leads the research efforts at StreetEasy as the Economist, using data science and econometrics to publish original research on the New York City housing market. Born in China, Nancy moved to SoCal at the age of 6.  Nancy’s been featured on CBS, MSN, Yahoo, Forbes, curbed, the NYT, Gothamist, market watch, & the commercial observer to name a few. 

Nancy was recognized as one of Crain's New York Business Rising Stars in Real Estate, alongside some of New York’s most talented and influential industry pros.

Before joining StreetEasy, Nancy worked at NERA Economic Consulting’s finance practice, and prior to that, in economic policy at the White House and the Center for American Progress. Nancy has a Master’s Degree in Economics for Development from the University of Oxford, and casually obtain a triple major of Eco, gov, & gender studies.

Please follow Nancy Wu on twitter at @nancyFwu or Nancy Wu on LinkedIn.

Some questions covered on this episode: 

• Why the Brooklyn market, while still down, fared better off than Manhattan
• Which part of Manhattan has been impacted the most, and why. 
• What trends is she seeing from a pricing perspective across the following neighborhoods:  Upper East vs Upper West, Midtown East & West vs. Downtown & Fidi 
• Where should bargain hunters go? 
• What is her outlook for this fall & winter? Will we break 25K vacancies in Manhattan, and 11K vacancies in Brooklyn?