Nassau-Suffolk, NY


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)

 

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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:

 

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