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]
In fact, hannible, the two WORST BANKS IN THE WORLD, HBOS and Northern Rock, only took risks in commercial lending, NOT derivatives & proprietary trading.
oh pls. the hyperventilating from the right about the tougher regs for banks is soooo over the top. sadly, par for the course.
Data can be manipulated. And statistics aren’t always correct. Standard deviations vary widely depending on the sampling of the data so on the statement that data is factual is not a true statement.
Posted by: lossforwords at January 22, 2010 10:39 AM
Oh, please!!!
“Risk taking by banks is not a bad thing. Unregulated risk-taking is bad for everyone and that goes for investment banking and mortgage lending!” Really Martis I deposit 100,000 in a CD the bank gives me 1% my bank in return takes my money out the back door and invests it in speculative real estate market makes a gazzilion percent profit the first year and of course gives great bonuses to the Great Wall Street minds. But then things go sour like all bubbles do and the government has to bail out those same banks with out tax money. Do you see something flawed in that?
Data can be manipulated. And statistics aren’t always correct. Standard deviations vary widely depending on the sampling of the data so on the statement that data is factual is not a true statement.
Maly, every other country that commented said that it was a bad idea to mess with the businesses itself. The use of reserve requirements and all the other tools that central banks have at their disposal were enough.
The last precedent for an action like this was when kennedy went after the steel companies for raising prices. In fact, Obama’s speech was almost word-for-word the same speech that Kennedy gave substituting “big banks” for “steel.”
Dibs, France has many large banks, and has a highly-regulated environment. What are the “other countries”? Are you talking about the United Kingdom? The UK has the same problem that we have: the insane people are in charge of the asylum. What do expect them to say? From their point of view, the absence of rules coupled with unlimited feeding at the tax trough is an ideal environment.
Besides, do you remember the last time everyone agreed with us, except for the French? How well did THAT turn out?
I am an Obama supporter but this bank reform proposal (if you can call it that) was so poorly laid out yesterday that it has completely spooked the markets and our global partners. Disjointed, vague, etc. Risk taking by banks is not a bad thing. Unregulated risk-taking is bad for everyone and that goes for investment banking and mortgage lending! Obama is going down the tubes fast and I am very sad to see that happen.
Well, tybur6, with this nutjob for a President, it would seem that’s exactly where we are headed
[Making sure NRA membership still valid]