NYC Housing Trails L.A., Leaves Vegas in the Dust
The Citizens Housing and Planning Council of New York today sent out its latest update of New York City metro area housing numbers, compared with other major metro areas, and, per a chart, it looks like New York is continuing to outpace housing sector growth in much of the country.
A whole chronology can be seen on this graph made by CHPC, which uses numbers from the Case Shiller Home Price Index.
The main theme is that New York does better than the average metro area, and, particularly after the rest of the country’s housing market began to collapse, New York seemed to do just fine. Now, New York is registering numbers a bit lower than the Los Angeles metro area, after initially leading it.
The numbers are through June, so they might change in future months given that the home buyer’s tax credit has now expired.