NYU Furman Center Quarterly Housing Report Finds Home Sales, Price Appreciation Lagging

WASHINGTON, D.C. – November 28, 2011 – (RealEstateRama) — According to the New York City Quarterly Housing Update (Q3 2011) released by NYU’s Furman Center for Real Estate and Urban Policy, home sales volume remained low in the third quarter of 2011, with the number of properties sold citywide four percent lower than the number sold in the third quarter of 2010. The one year decline in the number of sales transactions was particularly large in Queens, with volume down nine percent from the third quarter of 2010.