Econintersect:  A presentation at Smilebox shows 36 pictures of the devastation Sandy wrought in New York.  The music is a little incongruous, but the pictures tell a story.  The picture below is one of the 36 taken at the World Trade Center construction… more »

Residential real estate prices in New York City are far above levels needed to bring supply and demand into balance. The basis for the gloomy forecast in GEI Investing is that mortgage delinquency rates have skyrocketed while foreclosure auctions have declined. From early 2008 to early 2010 mortgage delinquencies in Queens increased by more than 180%. From late 2008 to late 2010 the foreclosure auctions in Queens declined by more 50%. These numbers indicate a huge flood of foreclosures has been held back by lender inaction. more »