Entries from Gothamist tagged with 'loss'
January 16, 2008
New York City's Department of Finance is projecting that real estate values in the city will remain nearly flat this fiscal (ending September) year. More precisely, it expects only a 1.4% increase in property values, versus an 18% climb this past year. It will be the slowest increment of growth since Mayor Bloomberg took office in 2002, during a real estate boom that enabled budget surpluses, tax cuts, and astounding growth in city spending. The......
Continue Reading "Real Estate Values Stagnate, Citigroup and Markets Stumble"
