Current Issues in Economics and Finance
Second District Highlights
Second District House Prices: Why So Weak in the 1990s?
January 1999Volume 5, Number 2
JEL classification: R21, G12

Authors: Matthew Higgins, Carol Osler, and Anjali Sridhar

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.

PDF full articlePDF 6 pages / 246 kb
Press release
tools
Related New York Fed Content
By continuing to use our site, you agree to our Terms of Use and Privacy Statement. You can learn more about how we use cookies by reviewing our Privacy Statement.   Close