Furman: Sales Volume Down but Prices Unchanged


    NYU’s Furman Center for Real Estate and Urban Policy just released its latest quarterly update for the final three months of 2011, and the chart you see up there shows the findings. The stats show sales volume down 13 percent compared to the same period in 2010, though Furman’s “index of housing price appreciation” for Brooklyn is more or less unchanged when compared to Q3 2011 or Q4 2010. Meanwhile, notices of foreclosure in Brooklyn have dropped dramatically, according to the report. Meanwhile, the non-building-boom continues: There were exactly 47 total residential units filed in Brooklyn last quarter.
    Quarterly Housing Update 2011: 4th Quarter [Furman Center]

    What's Happening