Quarterly Housing Update 2012: 3rd Quarter

In an analysis of third quarter housing indicators, the Furman Center finds that home sales volume remained relatively stagnant in the third quarter of 2012, with the number of transactions citywide down by 0.1 percent. Housing prices throughout the city are up 4.4 percent compared to the same quarter last year. The report also finds that the number of foreclosure notices issued in Q3 2012 has increased 14.5 percent citywide since the third quarter of 2011, with a 40.9 percent increase in Queens.