Real estate never goes down in the big apple?

[Vinay H.]

Just heard on NPR interviewing Ali Velshi

a) Surplus of apartments in NYC

b) Pullback of foreign investors

c) 5% price decline avg sales price, 17% decline in sales

d) Increase in inventory 

discuss?

http://www.wbur.org/hereandnow/2018/07/03/manhattan-real-estate-sales-fall

According to a new report, Manhattan real estate has now had its worst second quarter since the Great Recession.