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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

Link: https://www.cnbc.com/video/2018/09/21/home-sellers-slashing-prices-nationwide-nyc-real-estate-prices-drop.html

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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