Markets & Economy

Is the NYC housing market in a bubble?

  • Luxury market price growth slowing, but still growing.
  • Developers targeting luxury -- “so a ton of new supply is unloading at the same time.” Good news is that buyers can negotiate better terms.
  • This is not a crash -- the market is going from a “boil to a simmer.”
  • Developers converting for-sale to lux rentals, as many as 70 percent in some buildings.

Future-Proof: Navigate Threats, Seize Opportunities at ICNY 2018 | Jan 22-26 at the Marriott Marquis, Times Square, New York

New York City is a global destination with a dynamic housing market and lots of moving parts. Figuring it out is not easy. StreetEasy makes it a little easier. Brad Inman interviews Alan Lightfeldt to get the latest market trends. Lightfeldt is an economist and senior data analyst for StreetEasy, which is owned by Zillow. Alan Lightfeldt For three years, he has managed consumer-facing data products and has been chief data spokesman at StreetEasy. He oversees the production and design of data communications as the chief creative force behind StreetEasy data visualizations, market reports and fact briefs. Hear Alan Lightfeldt's economic rundown at Global Connect -- register now Brad Inman: Greetings, Inman readers and listeners. I'm really excited to have with me Alan Lightfeldt, who is an economist and senior data analyst for StreetEasy, which is the data guru site and service in New York City owned by Zillow. For the last three years, Alan has managed the consumer...