The question on everyone’s lips: How are fluctuations in China, Wall Street and the 2016 election going to affect the real estate market in the next year? Chinese ructions will be good for U.S. real estate as investors make a flight to safety, said Zillow chief economist Svenja Gudell at Inman Connect New York today.
The latest FNC Residential Price Index (RPI) shows New York City housing prices dipping a minor 0.9 percent this past November from October, but over an 11-month period — January through November 2015 — NYC housing prices rose nearly five percent.