2013-02-01bloomberg.com

New York City's housing market is poised to lag behind other markets for the next two years even as a national recovery in real estate continues.

That's the assessment of Capital Economics Ltd. Property Economist Paul Diggle and assistant Michael Pearce, who in a Jan. 28 report said "conditions look less amenable to rising prices in New York City, particularly in Manhattan and Brooklyn." By contrast, average U.S. prices may gain 5 percent a year, they said.


Lijit Search

Comments: Be the first to add a comment

add a comment | go to forum thread