New York City Quarterly Housing Report

Report by The Furman Center for Real Estate and Urban Policy
February 25, 2011

Furman Center for Real Estate and Urban Policy   (New York)

A new Furman Center analysis of fourth quarter housing indicators finds that home prices outside of Manhattan are still in decline, but foreclosures are down citywide. The Quarterly Housing Update, which uses six key indicators of housing market performance from a variety of data sources, is the only New York City housing report to incorporate sales data, development indicators, and foreclosures. It also presents a repeat sales index for each borough to capture price appreciation while controlling for housing quality.