Corcoran: 'Brooklyn Pricing May Be Reaching Bottom'
Although the data from Property Shark shows that prices were down by at least 10 percent in the fourth quarter of 2009 versus 2008, Corcoran’s latest market report boldly states that “Brooklyn pricing may be reaching bottom as the national and local economies strengthen and sales activity increases versus the first half of 2009.” Some…
Although the data from Property Shark shows that prices were down by at least 10 percent in the fourth quarter of 2009 versus 2008, Corcoran’s latest market report boldly states that “Brooklyn pricing may be reaching bottom as the national and local economies strengthen and sales activity increases versus the first half of 2009.” Some of that optimism stems from the fact that prices are decreasing at a slower rate than in previous quarters. The stats from the resale market—median prices slipped just 2 percent year-over-year—were also encouraging; single-family townhouses held up particularly well, with the median price in the fourth quarter ticking up 13 percent from the third quarter and a whopping 51 percent from the same period a year earlier. For details on how different neighborhoods fared, check out the report.
4th Quarter 2009 Brooklyn Report [Corcoran]
Always the same drivel from the free market utopians. Any attempt to curb the excesses of irrational markets is an attack on capitalism and freedom itself.
“This country faces a severe and long-term economic crisis from which there are no easy answers.”
Not True Antidope, the easy answers are already out there, Go after Wall Street and the big bad corporations. In fact anyone making too much money or too much profit needs to pay. That makes perfect sense, that will solve everything.
Oh by the way, when are they going to go after oil companies again? Im sure that one is waiting on the back burner.
Reminds me of the episode of the Simpsons when they narrowly avoid being hit by a meteor and then they announce “Lets burn down the observatory so this can never happen again”. Same mentality.
^^^ Ditto what antidope said @ 11:43. ^^^
you have a better grasp of economics than summers, goolsbee, et. al.?. sorry i’ll stick with what we have rather than you and your tired supply side, anti-regulatory tropes. given where we were headed i think being stuck in neutral for a bit is fine, just fine. if it takes a bit of time to get the economy in gear, so be it. better to find solid footing than reach for ephemeral *panaceas* and risk a second major dip. this country faces a severe and long-term economic crisis from which there are no easy answers.
Eliminate FICA for six months!!! Are you crazy? The precious life blood of Bureaucracy???
No DIBS, that would entice the masses into actually enjoying having more money which would only sting doubly when we have to take it all back and then some later on to pay for some new programs or project we like.
You dont know why congress never gave a boost to the consumer? Frankly, I dont know how congress figures out how to put their pants on every morning.
NSS, I don’t know why the administration and Congress never gave a boost to the econmy where it would bo the most good….spending. Why did then never eliminate the FICA contributions for,say, six months??
Why did the consumer receive, NOTHING, ABSOLUTELY NOTHING.
These people just don’t get it. They have no grasp of economics. Only the Fed seems to understand anything and they can’t do anything directly. All of the easing clearly went into the stock market last year.
On Obama – Biggest retart out there. I cant beleive this guy still wont focus on creating jobs! No, now instead of taking over healthcare and nationalizing the largest jobs growth sector in the coutry, we are going to go after big banks and take away their profit and job creating incentive????
Hello, capital and profits create jobs! Taxes, penalties, and anti-business policies destroys jobs.
This guy just created an all new financial crisis single handedly.He wont be happy until we are all either unemployed or work for the government, or should I say the Obamament.
I gotta go, checking to see if the IRS is still hiring…
No one ever said ALL banks were doing fine.
You’re reverting back to your other personality after we had established good raport with the “normal’ one.
So Citibank Wakovia and all the other banks were doing just fine? Our government maybe just decided it would have been a good idea to give them a 700 billion dollar booster TARP shot right? Jailtime for bankers is the best solution. why do common criminals have to go to jail for stealing a 10,000 dollar cars and Wall Street crooks because that is what they are! get bonuses and free cigars?