Friday, July 22, 2005

Is NY Housing Inventory Starting To Build Up?

Curbed passes along the following tidbit:

"Has anyone noticed that Corcoran's "newest listings" counter on their website is approaching 600, the highest it has been since I can remember. Granted that 516 West 47th Street accounts for a good percentage (about 25%) of that number but aren't new developments the norm now? Looks like those inventory numbers are finally going to shoot up, with new developments insulating the trend."

http://www.curbed.com/

2 Comments:

Blogger housegeek said...

Hello and thanks for creating this blog - NYC needs an antidote to housing hype.

I like to search the term "reduced" on nyc craigslist's real estate postings. 93 a couple weeks ago - up to 159 today.

A question - what neighborhoods in NYC do you think will be most affected when the bubble blows? Thanks

8:51 AM  
Blogger Peter Herman said...

housegeek,

Thans for the data point. I will check Craig's List and try to note these in the blog from time to time.

Regards.

Peter

1:18 PM  

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