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For many years, New York City encouraged the construction of low- and moderate-income housing by doling out its once vast inventory of properties taken in tax foreclosure.
Prices have come down since 2006 and 2007, but percentages are hard to calculate because of the low inventory of properties.
But economists also said that a faster descent from boom-era prices would allow the housing market to right itself sooner by encouraging the sale of vacant homes and reducing the inventory of properties on the market.
Mr. Conway and many others in the private sector had long predicted that the agency would be forced to cut prices on much of the huge inventory of properties it acquired when the Government took over failed savings and loan associations.
In return, Spotahome supercharges not only its inventory of properties, but also the countries and cities it is now active in.
Analysts at Seaport Global Securities Inc. think the stock is a buy, noting the company's production growth along with its capital efficiency, inventory of properties and upside associated with its Terryville natural gas complex in northern Louisiana (picked up as part of its $4.2 billion acquisition of Memorial Resource Development Corp. this past fall).
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According to Ms. Leicht, the department once had a huge inventory of property to offer for redevelopment.
Diane M. Ramirez, president of Halstead Property, is less concerned about a recession because the inventory of property on the market is currently low.
Nassau County is examining its extensive inventory of property as part of a wide-ranging effort to deal with a staggering budget deficit.
The lots are among the last remnants of what was once a large inventory of property taken by the city and used over the past 20 years to create and preserve low-cost housing.
In "Making Good" (1993), an Army detachment taking inventory of property stolen by the Nazis stumbles into a strange conspiracy when its members uncover a cache of paintings by Klee, Kokoschka and other banned artists.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com