Real estate mood swings amid recession grimness in New York
Real estate leaders in New York face a cleansing phase as debt, bank problems, and the S and L crisis create a prolonged squeeze. Experts forecast lower growth, but hope in mortgage rate drops and potential opportunities for aggressive investors, including strong UK yields for US buyers.
MENTIONED IN THIS ARTICLE
New York
Douglas Tibbetts
Equitable Real Estate Investment Management Inc
Atlanta
Mr. Tibbetts
Michael Sumichrast
U.K
U.S
National housing starts rise in November led by multifamily surge
Nationally housing starts jumped 9.3 percent in November to a seasonally adjusted annual rate of 1.13 million, the first gain in 10 months, driven by a surge in multifamily building while single family starts fell 9.8 percent to the lowest since October 1982.
MENTIONED IN THIS ARTICLE
Realwr News
National Association of Realtors
Roger Brinner
McGraw-Hill Financial Services Co
John Tuccillo
NAR
Barbara Allen
Kidder, Peabody & Co
Washington
Commerce Department
Donaldson, Lufkin & Jenrette
New York
Labor Department
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