Elliman 3Q Report: Mixed Results
Both average and median sales prices in Brooklyn ticked down overall last quarter, according to the Prudential Douglas Elliman report that dropped this morning, but the big number was the decline in the number of sales from the previous year from 3,718 to 2,298. (Inventory has also trended down.) Average price per square foot actually…
Both average and median sales prices in Brooklyn ticked down overall last quarter, according to the Prudential Douglas Elliman report that dropped this morning, but the big number was the decline in the number of sales from the previous year from 3,718 to 2,298. (Inventory has also trended down.) Average price per square foot actually rose slightly year-over-year for both new developments and resales but fell just over 5 percent from the 2nd to 3rd quarters. Co-ops were a bright spot, rising in both price and number of transactions. Williamsburg and Greenpoint also put up good numbers. One- and two-family houses in Brownstone Brooklyn did pretty well too, with average and median sales prices as well as price-per-square-foot measurements all trending up. For details, check out the full report.
Brooklyn Home Prices Drop as Banks Cut Jobs and Curb Lending [Bloomberg]
“The single family homes are king and people that have the income to afford the higher mortgage payments without the help of a renter won’t have a problem with financing. I’m betting those will continue to rise without problems.”
But those people will have less disposable income.. Obama looks like a shoo-in now, so if he gets the tax increases/ social security donut through congress for those earning above 250k, the very people with the incomes to buy the single family homes in prime areas are going to see a chunk of their income gone. Its difficult to see how that won’t affect house prices in these areas – but I’m all ears, tell me your take.
Biff / THL – Thanks for the props.
As for TV personality crushes, my heart will always belong to Max Headroom.
I agree Dave but I do think it will ultimately depend on the home and the neighborhood just like the trend charts have shown.
Those buying in the prime areas aren’t going to see big drops as many are hoping (unless they’re trying for a 2 family). The “up and coming” fringe neighborhoods may not be coming up as quickly as those of us that bought in those areas might have hoped. We’ll have to hold on to our homes longer than those who bought in prime to see any substantial R.O.I.
The single family homes are king and people that have the income to afford the higher mortgage payments without the help of a renter won’t have a problem with financing. I’m betting those will continue to rise without problems.
Anderson’s very handsome but I’m a “Bean Queen” THL!!!!
And don’t call him “Carly”
But lets get back on topic. Who wants to make a prediction what these bars look like in December?? I say not more than 10% lower!!!
I agree with THL re: SnarkSlope. He has more one-liners (and more respect) than Rodney Dangerfield. He’s hilarious.
Sorry, I posted too soon…those seem to be only female.
If I were you it’d be Anderson Cooper all the way but I see the Carly Q appeal. Check out the other Hot newscasters:
http://www.asylum.com/2008/01/29/the-hottest-newscasters-readers-choice-edition-vote-for-you/
I always wondered about that too THL!! I also think SnarkSlope is more interested in getting in Larry Kudlow’s or Cramer’s pants from previous posts.
I myself have the hots for Carl Quintanilla!!! Muy caliente!!!!
I swear to god the What and his bandwagoning army is so cynical, angry, bitter, etc that no matter the numbers and results of those numbers they would rather see a f@cking nuclear bomb dropped in the middle of the city just to say ‘I told you so’. It is like their only outlet of ‘superiority’ over some ‘rich property owning stroller pushing finance industry working’ boogey man – their Joe the Banker.
It is sad really.