‘Glut’ Has Become The Most Powerful Word In Media Housing Coverage

A few days ago, the New York Times front page included a housing story by Charles Bagli on the overbuilding of Brooklyn rental development: ‘The Market Is Saturated’: Brooklyn’s Rental Boom May Turn Into a Glut. I call this front page story a ‘milestone’ piece which plants a flag in the timeline of housing history. Michelle Higgins wrote one of these back in July for the residential market In New York, a Falling Market for Trophy Homes in the Sky.

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