The COVID-19 crisis is far from over and cities and states around the country are struggling to find ways to protect their citizens from the financial problems that come with the virus. The City of New York is working with StreetEast to answer these problems.
New York City Mayor Bill de Blasio has launched the NYC Recovery Data Partnership with StreetEasy. The partnership is a public-private data-sharing program that uses resources from StreetEast, LinkedIn, Foursquare, and more to help recovery efforts surrounding the pandemic.
StreetEasy Economist Nancy Wu, said:
"As the COVID-19 situation continues to evolve, real-time data is critical to help inform the city's recovery. We appreciate the opportunity to contribute our data and be a part of efforts to better understand the pandemic's impacts on the NYC housing market, the real estate industry, and local communities."
StreetEasy’s role in this program is to offer real-time real estate analytics on a weekly basis to help the city officials track changes in the market as quickly as possible.
New York City’s market has been hit particularly hard by the pandemic as residents look to move out of dense cities for safer rural dwellings. StreetEast has been one of the first to gather and analyze the data to shed light on the local situation.