Thursday, December 2, 2010
For Your Information! Real Estate News About Queens
Queens trails New York City's other boroughs when it comes to the recovery in the housing market, according to new city data compiled by New York University's Furman Center for Real Estate and Urban Policy.
In Queens, housing prices in the third quarter were still down about 30 percent from their peak in 2007. But in Manhattan, prices have recovered more rapidly and are now down just 9 percent from their peak in 2008.