Has the housing market bottomed out? That’s what they’re saying over on the Calculated Risk. Noting that the data shows that new home sales hit a low in mid-2010 and have gone sideways since, the soothsayers at the economics blog predict that housing prices, a metric that hits a lot closer to home for buyers and sellers, will hit a low point next month and rebound from there. The writer cites three reasons for the optimism: (1) the national price-to-rent ratio (historical graph on the jump) is finally back to “normal” levels; (2) there’s been a large decline in listed inventory; (3) housing policy initiatives are likely to lessen the downward pressure of distressed sales. Of course, all real estate is local, so results may vary.
The Housing Bottom is Here [Calculated Risk]
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Today is a big day for the Williamsburg-Greenpoint waterfront. The City Council planned to vote earlier today on the 10-tower Greenpoint Landing complex, and the full board of Community Board One is voting tonight on Two Trees’ Domino proposal. The City Council has set a date of December 19 for its postponed vote on 77 Commercial […]
Brooklyn, one building at a time. Name: Laboratory and Administration Building, now Administration Building and Visitor’s Center, Brooklyn Botanic Garden Address: 1000 Washington Avenue (Mailing address, also used for the Steinhardt Conservatory, a past BOTD) Cross Streets: Corner of Crown Street Neighborhood: Crown Heights South Year Built: 1912 Architectural Style: Tuscan Revival Architect: William Kendell […]
Dunkin’ Donuts is everywhere, and soon that will include Clinton Hill at the corner of Myrtle and Grand. It’ll be interesting to see how they make over this spot, which is located at 513 Myrtle Avenue. Thanks to a tipster for sending in the photo. GMAP
It’s not often we see a house in Williamsburg with any details left, but this one has some. There’s a mantel, a tin ceiling, and some wood door and windows moldings. We’re not sure what’s going on with the brick bas-relief walls in the living room, but it’s probably removable textured panelling covering up the […]