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Impartial data/research on Manhattan prices or inventory

Started by streeteasyaddict
over 17 years ago
Posts: 121
Member since: Mar 2009
Discussion about
From wsj article http://online.wsj.com/article/SB124165389825293905.html In Manhattan alone, where vacant inventory stands at record levels, some 4,500 new condo units in 44 buildings are expected to come online this year, according to Reis Inc., a real-estate research firm.
Response by streeteasyaddict
over 17 years ago
Posts: 121
Member since: Mar 2009

From a Wall St research report

Price decline based on affordability alone
-35.3%

Current-(Q4 08)-to-Trough

-47.4%

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Response by nyc10022
over 17 years ago
Posts: 9868
Member since: Aug 2008

I've said it before... development doesn't stop on a dime. Even though permits tanked, it takes 2-3 years for that to actually have an impact.

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Response by tenemental
over 17 years ago
Posts: 1282
Member since: Sep 2007

Jonathan Miller's recent comment was that that number of condo units in shadow inventory was likely larger than the number of condos currently listed.

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Response by 30yrs_RE_20_in_REO
over 17 years ago
Posts: 9913
Member since: Mar 2009

streeteasyaddict: if you link to articles where you have to subscribe to see, it's not very helpful unless you copy the article in question.

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Response by jasonkyle
over 17 years ago
Posts: 891
Member since: Sep 2008

its this article
http://www.streeteasy.com/nyc/talk/discussion/10904-swig-takes-hit-as-condo-market-unravels

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