In the wake of the financial crisis, investors have been looking for value in distressed properties and finding them.
That’s made it difficult for many developers to obtain financing for their projects.
But, that’s not the case for many real estate listings.
For instance, while home prices in New York City have risen in recent years, they are still below where they were when the crisis hit in 2008.
In fact, the median home price in the city is about $300,000 lower than it was in the year before the crisis, according to real estate data firm Zillow.
And it’s not only home prices that have seen a slowdown.
In the last five years, real estate sales have been on a slow decline, according with Zillows.
According to ZillOW, the number of sales in the past year fell from 2.4 million to 2.1 million.
That means that the average sale price for a home sold in the United States dropped from $1.9 million to $1,800,000 over the same time period.