Will nationwide inventory boom hit NYC market?

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February 8, 2014Real Deal reports, “Prices are easing downward as the chokehold on inventory across the U.S. loosens. The distressed properties that investors snapped up in bulk during the economic downturn are finally coming to market along with new home projects — indicating spring will be a strong selling season. Prices “won’t be rising as much as they were rising last spring,” Jed Kolko, chief economist of  online property listings site Trulia, told Bloomberg News. “It will be a less frantic market with more inventory and fewer investors.””

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