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Predicting the NYC property market’s peak
Drilling down on the metrics economists are watching to determine the market has topped out
From the October issue: Hindsight is a precious thing, but foresight may be easier on the bottom line.
In the wake of the 2008 financial crisis, it was easy to spot the red flags that were screaming of an impending market collapse. But are those warning signs visible before every downturn?
This month, The Real Deal examined key metrics across the New York City real estate industry to ascertain whether the market may be at its peak — or if it’s approaching that point. [more]