Even on the odd-ball chance it turns out to be right, the June 15 Deutsche Bank report
is meaningless for trying to see, with precision, where the market is headed.
Will there be any further slide/ price cuts?
Most of the other experts quoted seem to think so.
I do believe that there are concrete reasons specific to the local NYC condo market, to expect at least a mild second dip. These reasons are particularly related to condo inventory and units still in the pipeline.
Getting the magnitude of that dip right is very very hard. It could be made worse by higher interest rates or a weaker local & national economy.
is meaningless for trying to see, with precision, where the market is headed.
Will there be any further slide/ price cuts?
Most of the other experts quoted seem to think so.
I do believe that there are concrete reasons specific to the local NYC condo market, to expect at least a mild second dip. These reasons are particularly related to condo inventory and units still in the pipeline.
Getting the magnitude of that dip right is very very hard. It could be made worse by higher interest rates or a weaker local & national economy.
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