October 30, 2015
Due to a technical issue Thursday’s Round-up was delayed until today.
- The National Association of Realtors (NAR) has released its Pending Home Sales Index for September. According to NAR pending home sales are down 2.3% from August, this is the second straight month in which the statistic is down. Year over year it is still up for the 13th straight month.
- NYU’s Furman Center has released a policy paper series Multifamily Housing Resilience which points out the continued vulnerability of multifamily housing in NYC and Miami – both cities have a large percentage of multifamily dwellings in floodplains. One consequence, detailed in The Price of Resilience, is that affordable housing is caught between a rock (unaffordable flood insurance) and a hard place (unaffordable flood prevention upgrades).