NYU's Furman Center for Real Estate and Urban Policy has published a study examining more than 30 years of home sales in the city to identify trends of the previous two downturns and how history may repeat itself. The study's conclusion: We have no idea what's going to happen. Or, in the researchers' words: "If a neighborhood fared poorly in the 1970s, it didn’t mean it fared poorly in the bust of the early 1990s." [Crain's]
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