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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There will be five homes, all with gardens or landscaped decks, on The Brooklyn Heights Association’s house tour this year. Also on the program are refreshments and guided tours of the sanctuary at the historic Plymouth Church of the Pilgrims. The tour takes place Saturday, May 10, from 1 to 5 pm. Tickets ($30 for members […]
Brooklyn, one building at a time. Name: The Decatur Address: 142-144 Decatur Street Cross Streets: Corner Marcus Garvey Boulevard Neighborhood: Stuyvesant Heights Year Built: 1888 Architectural Style: Romanesque Revival Architect: George L. Morse Other work by architect: Temple Bar Building – Court Street, Franklin Trust – Montague Street, Abraham & Straus annex – Livingston Street, […]
Brooklyn-based real estate firm Realty Collective will open an office in Clinton Hill, its fourth location. The official opening of the office at 466 Grand Avenue will take place Sunday April 27, the firm said in a press release. The new location will also handle business in Fort Greene, Bed Stuy, Crown Heights and Prospect Heights. Its […]
OK, it’s really narrow and there are a lot of down lights but this Greenwood Heights house at 396A 19th Street looks pretty cute to us. Goes to show what some great rugs and Timorous Beasties wallpaper can do, right? That bath looks pretty slick, and we also like the new unpainted clapboard exterior. We’re not so […]