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Second district housing prices: why so weak in the 1990s?

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Abstract

Between 1990 and 1997, poor economic fundamentals and a prolonged hangover from excessively rapid growth in the 1980s caused house prices in the New York metropolitan area to grow much more slowly than prices nationwide; these factors played a smaller role in the decline of upstate New York's house prices relative to the nation's.

Suggested Citation

  • Matthew Higgins & Carol L. Osler & Anjali Sridhar, 1999. "Second district housing prices: why so weak in the 1990s?," Current Issues in Economics and Finance, Federal Reserve Bank of New York, vol. 5(Jan).
    • Handle: RePEc:fip:fednci:y:1999:i:jan:n:v.5no.2
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