Wall Street-Area Apartments Linger Amid Market Glut

Wall Street-Area Apartments Linger Amid Market Glut

Assessment

Interactive Video

Business

University

Hard

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The video discusses the current state of the housing market in New York's financial district, highlighting a glut of apartments and longer market times compared to Brooklyn and Long Island City. It examines the impact of reduced demand from Wall Street workers and foreign buyers, particularly Chinese investors. The video also explores how these factors contribute to rising inventories and falling prices.

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2 questions

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

Describe the changes in buyer demographics for apartments in Brooklyn.

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2.

OPEN ENDED QUESTION

3 mins • 1 pt

What trends are observed in apartment prices and inventories in the financial district?

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