Stephen Ross, the developer behind NYC's $25 billion Hudson Yards neighborhood, says a housing market slowdown 'has to happen' and that the city needs 'a lot of affordable housing'

Billionaire real-estate developer Stephen Ross believes the housing market"is probably in the eighth inning," he told Yahoo Finance on August 25. Ross is the chairman of Related Companies, which has invested in New York's Time Warner Center and Hudson Yards developments, and fitness brands Equinox and Soul Cycle, Business Insider previously reported.

Billionaire real-estate developer Stephen Ross believes the housing market"is probably in the eighth inning," he told Yahoo Finance on August 25. Ross is the chairman of Related Companies, which has invested in New York's Time Warner Center and Hudson Yards developments, and fitness brands Equinox and Soul Cycle, Business Insider previously reported.

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