New York may be on the cusp of a major shift in the real estate market, as lawmakers consider banning private home listings in a bid to crack down on a highly contentious practice. The move comes as several other states, including California and Oregon, have already implemented or proposed similar measures to address concerns over fairness and transparency in the housing market. Critics argue that private listings allow wealthy buyers to scoop up properties before they even hit the open market, leaving other potential buyers in the lurch. If passed, the New York ban would likely have significant implications for the state's luxury real estate market, where private listings are a common occurrence.
NY may ban private home listings — as more states crack down on controversial practice New York Post
