search

The Real Deal Logo

Trending

City Council approves zoning change to greenlight casinosCity Council approves zoning change to greenlight casinosLawmakers reach sweeping housing deal with “good cause eviction,” new 421aLawmakers reach sweeping housing deal with “good cause eviction,” new 421aRent board’s 4% hike will “plunge” buildings into distress: landlordsRent board’s 4% hike will “plunge” buildings into distress: landlords“Investing before the ‘all clear’ sign”: Jon Gray on Blackstone’s $10B apartment deal“Investing before the ‘all clear’ sign”: Jon Gray on Blackstone’s $10B apartment deal
New York

WSJ analysis finds NYC market weak

Sign Up for the undefined Newsletter

Home prices are still dropping, despite falling inventory levels, thanks to limited credit and the flood of foreclosures. Adding to the vicious cycle, layoffs are up. The Wall Street Journal’s quarterly survey of housing data in major metropolitan areas listed New York City as a “weak” market. The survey ranks cities based on inventory levels, price changes and employment outlook. New York did have the highest percentage of inventory turnover at 31 percent, but it ranked as a “very weak” market for employment prospects.