Second district housing prices: why so weak in the 1990s?

Higgins, Matthew; Osler, Carol L.; Sridhar, Anjali

Journal Article

Second district housing prices: why so weak in the 1990s?

Abstract: Between 1990 and 1997, poor economic fundamentals and a prolonged hangover from excessively rapid growth in the 1980s caused house prices in the New York metropolitan area to grow much more slowly than prices nationwide; these factors played a smaller role in the decline of upstate New York's house prices relative to the nation's.

Keywords: Prices; Federal Reserve District, 2nd; Housing;