Expected Report of Year Over Year 2nd Qtr Condo Price Declines

Today's NY Sun reports that an expected industry report on condo prices will show softening on a year over year basis for the second quarter.

As the article recites, industry analysts opine on whether they foresee a repeat of the coop collapse of the late 1980's when oversupply combined with softening demand and tax reform to cause a sharp drop in prices.

Some, according to the article, feel the City's overall healthy economy will prevent this recurrence in the case of condos.

http://www.nysun.com/pf.php?id=35479

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