Wealthy New Yorkers Flee to Connecticut Amid “Mamdani Effect”
Real estate in parts of Connecticut is booming. Wealthy New York City residents are rushing to buy homes, sparking what brokers call the “Mamdani Effect.” Open houses in Greenwich and other Fairfield County towns are packed. Prices are soaring.
The surge comes after Zohran Mamdani’s mayoral win in New York City. Fears over unsafe buses and economic uncertainty are driving families out of the city.
Greenwich Homes in High Demand
Mary Ann Heaven, a broker for Berkshire Hathaway in Greenwich, expects 50 to 60 parties at one open house this weekend — triple the usual turnout.
