Description: CNBC’s Diana Olick reports that NYC real estate prices dropped as a new supply hit the market.
Home sellers slashing prices nationwide, NYC real estate prices drop from CNBC.
Source: CNBC.com – video report
Date: Sep 26, 2018
Questions for discussion:
- How do supply and demand theories explain the price changes in real estate, as reported in this clip?
- How would buyers and renters be expected to respond to the changes taking place?
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