Friday, December 3, 2010

Furman Center's NYC Quarterly Housing Report

NYU's Furman Center for Real Estate and Urban Policy has published its New York City Quarterly Housing Update for 3d Quarter 2010.  A taste from the press release:

NYU’s Furman Center for Real Estate and Urban Policy released, for the first time, a quarterly update on six key indicators of housing market performance, based on a variety of administrative data sources.

The Furman Center found that while the volume of home sales declined by 14% from the second to third quarter of 2010, it remains higher than it was in the third quarter of 2009. Citywide, prices have stabilized, increasing slightly between the second and third quarters of 2010, and changing little since the same period last year. Prices in the third quarter of 2010 were 22% lower than they were at the peak of the market.

There's lots of great data and analysis in the full report.

Matt Festa

http://lawprofessors.typepad.com/land_use/2010/12/furman-centers-nyc-quarterly-housing-report.html

Affordable Housing, Financial Crisis, Housing, Mortgage Crisis, Mortgages, New York, Real Estate Transactions, Scholarship | Permalink

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