November 1st, 2011
Econintersect: Keith Jurow, GEI guest contributor, has released a comprehensive analysis of the New York City housing market, available by subscription through Minyanville.com. The report contains detailed and very recent data never before collected together in one place. This is the latest in a series of in-depth analyses prepared by Jurow for individual major metro markets around the country. GEI hopes to post an excerpt from the New York City report in the near future. Follow up:
Follow up:The press release from Minyanville:
Minyanville Media, the Emmy Award winning financial media platform, announced today the release of its comprehensive report on the precarious condition of New York City’s housing markets. It is authored by Keith Jurow who writes all of Minyanville’s housing market reports.
The New York City Housing Market Report discards conventional wisdom and reveals startling details on why the unwillingness of banks to foreclose on delinquent homeowners has kept NYC home prices from plunging.
Jurow provides never-seen-before charts and data which show that there are more than 80,000 seriously delinquent properties in New York City. Mortgage servicing banks have not foreclosed on them. The report gives readers details on how critical the situation is in every zip code in all five boroughs.
The report provides useful graphs, in-depth analysis and very specific advice that will help both sellers and prospective buyers make smarter decisions which can save them money and avoid potential disaster. It also offers banks, mortgage servicers and distressed property professionals valuable information that can help them steer through potential minefields.
Keith’s first Housing Market Report was widely-praised by leading housing market experts. Dean Baker, co-director of the Center for Economic and Policy Research said this about the report:
“I think this is very useful … this will help investors think about the market much more clearly.”
Highlights of Minyanville’s New York City report as well as Keith’s other in-depth Housing Market Reports can be viewed at Minyanville.com.