| 
  • If you are citizen of an European Union member nation, you may not use this service unless you are at least 16 years old.

  • You already know Dokkio is an AI-powered assistant to organize & manage your digital files & messages. Very soon, Dokkio will support Outlook as well as One Drive. Check it out today!

View
 

Nassau-Suffolk, NY

Page history last edited by PBworks 17 years, 9 months ago

Market overview

 

Replace the national map below to map falling prices locally and protect homebuyers in overvalued housing markets (see maps of Boston and previous price corrections)

 

 Create your own local map  Publish national map on your site Request wiki access

 

What's happening in this local housing market? Help coauthor a quick summary here:

 

Sales trend:

 

Price trend:

 

Inventory:

 

Housing market forecasts:

 

PMI U.S. Market Risk Index: Summer 2006

Nassau-Suffolk, NY has a 58.9% chance of a decline in home prices over the next two years according to PMI Mortgage Insurance Co., one of 13 markets nationwide that "face a 50% or greater risk" of decline.

 

Current market conditions:

 

Global Insight / National City Crop. Valuation: 2006/Q1

$433,200 median sales price

43.9% overvalued

Classification: "Extremely overvalued"

Source: Overvalued Housing Market? Depends Where You Live

Where are prices falling in the current market?

 

Past housing price corrections:

 

66 Past housing price corrections

http://www.platial.com/realestatecafe/map/7317

US News & World Report: Housing bubble correction could be severe

 

Informal podcast of lessons learned from riding two real estate cycles in the Atlantic City & Philadelphia housing markets.

 

Local bubble blogs:

 

Ideas for this wiki (your comments are welcome)

  • Questions you'd like addressed
  • Information you'd like to see
  • Best local sources for housing news?
  • Maps you would like to see
  • Resources that should be linked
  • Direction you want to take this wiki / bubble map
  • Interviews for ongoing insight into market conditions?

Comments (0)

You don't have permission to comment on this page.