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Second District House Prices : Why So Weak in the 1990s?, Second District Highlights: Volume 5, Issue 2

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Second District House Prices : Why So Weak in the 1990s?, Second District Highlights: Volume 5, Issue 2

DATE: January 1999

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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.

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Federal Reserve Bank of New York. Research and Statistics Group. "Second District House Prices : Why So Weak in the 1990s?, Second District Highlights: Volume 5, Issue 2," Current Issues in Economics and Finance (January 1999). https://fraser.stlouisfed.org/title/6879/item/627901, accessed on March 28, 2023.

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