[Furman Center] Launches New Quarterly NYC Housing Report
Posted by Jonathan J. Miller -Sunday, December 12, 2010, 7:33 PM
1 Comment
[click to open report]
While I am on the topic of foreclosures, I’d been remiss about not posting about the new publication The Furman Center, one of the leading academic research centers “devoted to the public policy aspects of real estate, land use and housing development.”
They also publish the seminal The State of New York City’s Housing and Neighborhoods which is chock full of NYC data. I co-authored a research paper with them a few years ago published in the Journal of Legal Studies at University of Chicago, an infrequent (but fun) foray into academia.
Their sales data on page 1 is consistent with the data I publish (phew!). What’s really new and of particular interest to me is their foreclosure analysis on page 2 with tidbits such as…
- 3 single family foreclosures in the 3Q in Manhattan!
- 4,696 3Q 10 foreclosures in NYC, 20.8% below 3Q 09 (think robo-signing foreclosure slow down).
and lots more…
New York City Quarterly Housing Update 2010: 3rd Quarter (July – September) [Furman Center]
That’s still a lot of foreclosures in NYC…well, perhaps not, considering how many properties are there! It’s also quite a difference from 3rd Q of 2009!