New York University’s Furman Center for Real Estate & Urban Policy has cranked out another annual State of New York City’s Housing and Neighborhoods. The initial focus of the report appears to be on the growing, gnawing lack of housing affordability for much of the city:
One wonders, however, how much worse this affordability crisis has become–but the above statistic and its conclusion, like others throughout the report, come from numbers that are now at least 15 months old. The report, then, for example, pre-dates the subprime-mortgage imbroglio and the cooling of the national housing market.
Still, it may be worth your perusal.
- Tom Acitelli