Byline: Elizabeth Lesly Business writer
While the real estate climate and economy in the Capital District isn't nearly as bleak as the downturn that has hit most of the Northeast, developers, construction crews, real estate brokers and frustrated home sellers are not going to be toasting 1990 as a banner year.
The bleakness of the real estate market from Boston to Princeton to Philadelphia has left most of the real estate industry here thankful for some of the stability afforded by the presence of a large state work force that continues to need housing and office space.
But the heady days of the mid- to-late 1980s - when housing prices in the Capital District were jumping 12 percent to 18 percent a year and real estate sales and new building were breaking records in dollars …
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