It's Here---The New York Area Housing Slump Has Officially Arrived

From the high-rises of Manhattan to the city’s manicured suburbs, homebuyers are pulling back as they reel from a triple whammy of costly hits. First, it was years of unrelenting price gains, followed by a federal cap on state and local property-tax deductions. Then came a surge in mortgage rates, making purchases even more expensive

 

 

 

 

https://www.bloomberg.com/news/articles/2018-12-14/from-westchester-to-hoboken-nyc-area-braces-for-housing-decline

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