NYU FURMAN CENTER QUARTERLY HOUSING REPORT REVEALS HOME SALES ARE SLOW, BUT PRICES HOLDING STEADY

August 18, 2011 – (RealEstateRama) — According to the New York City Quarterly Housing Update (Q2 2011) released by NYU’s Furman Center for Real Estate and Urban Policy, home sales volume declined 20 percent from the first to the second quarter of 2011, and is down 40 percent compared to March through June of 2010.