New York - Stubborn NYC homeowners face looming crash

Thursday, February 09, 2012




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Stubborn NYC homeowners face looming crash

Monday, June 15, 2009
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From Clusterstock:

Important question for New York City: With the housing market kinda-maybe-sorta stabilizing in the rest of the country, will the Big Apple avoid a monster crash, or will it get its comeuppance several quarters late?

It's not like NYC hasn't been hit yet, but the widespread phenomenon of underwater homeowners and foreclosures hasn't been seen or felt quite so acutely in the city that birthed the financial crisis.

Signs suggest the dam will burst.

Read full article...

More on NYC real estate:

Manhattan landlords uneasy; cutting lease durations

New York bust worsens... buyers abandon $1 million deposits

"Drop in New York real estate sales worse than auto industry's"

Topics:		New York \| Real Estate

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