I'm Lydia Who, and this is the Fox Business Rundown.

Monday, November 3rd, 2025.

Big Apple residents choose their next mayor tomorrow,

but will some New Yorkers vote with their feet

if Democrat socialist Zohran Mamdani is victorious.

You're already seeing a lot of the developers and a lot of the wealthy individuals that

currently reside in New York City. Go to Connecticut. Go to Westchester. Come to Florida.

Palm Beach is a market that's exploding. It reminds me of COVID.

Tomorrow is election day in New York City,

and Zoran Mamdani is leading comfortably in most polls. Maldani has been the frontrunner since

winning the Democratic primary this summer. He promises higher taxes on the rich and a housing

reform plan that includes freezing rent.

Critics argue that these policies will hurt landlords,

discourage new investment and development projects,

and encourage some wealthy residents to leave the city.

Real estate agents in upstate New York, Connecticut,

and states like Florida claim they're already fielding calls from nervous New Yorkers

considering a move. So will Amamdani win trigger an exodus from America's largest city? And is it

true that more Americans are leaving blue states for lower taxed red ones? To discuss this and other

trends in the housing market, let's bring in Katrina Campins.

In the past three or four weeks, I've seen a drastic change in demand and more phone calls

and sales going into contract. It's really been pretty amazing.

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