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A new report says New York City's real estate downturn is deepening, and may not hit bottom for months

A new report says New York City's real estate downturn is deepening, and may not hit bottom for months

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Published 18 Hours AgoCNBC.com

 

  • A new report from Warburg Realty underscores how deeply New York City's real estate market has swooned, with the real estate firm estimating prices have tumbled between 10 and 20 percent since peaking in 2015.
  • "I do think it will be at least six months before it stabilizes around a new level from which expansion is possible," wrote Warburg CEO Frederick Peters in a new report.

 

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