REBNY 3Q Market Report: Prices Still Rising
This summer the city continued to be immune to the rest of the country’s housing woes, according to a report released by the Real Estate Board of New York. REBNY’s third quarter stats show the average price of homes in the city up 20 percent from the same time last year, to $782,000; Brooklyn prices…
This summer the city continued to be immune to the rest of the country’s housing woes, according to a report released by the Real Estate Board of New York. REBNY’s third quarter stats show the average price of homes in the city up 20 percent from the same time last year, to $782,000; Brooklyn prices averaged $621,000, an 8 percent hike over 2006. The average condo price in Brooklyn, meanwhile, was $613,000, a slightly more modest 5 percent rise over last year. Good news, of course, but we have to wonder whether the fourth quarter’s going to look this rosy. Predictions?
Report: City Sizzles Amid U.S. Housing Market’s Big Chill [NY Post]
When Will the Real Estate Bubble Burst? [AM New York]
“I think we are at a moment of economic crisis,” Sen. Charles Schumer, D-N.Y., told Bernanke. “I am not surprised to hear experts such as your predecessor, Alan Greenspan, warn about the threat of a recession. I have begun to worry about it to.”
It’s just going to get worse…
http://news.yahoo.com/s/ap/20071108/ap_on_bi_ge/bernanke_economy
The Corcoran ‘For Sale’ sign in the picture above says it all. I never used to see these signs in 2005.
ANYBODY GOT AN ANSWER FOR 11:21?
“…was the number of sales the same as last year, up, or down?”
This property seems quite underpriced at $389K. I wonder what the catch is?
http://www.mlsli.com/unidetails.cfm?mlnum=1981786&typeprop=1&phm=1
If the average price is the mean, then the number means very little. Also, was the number of sales the same as last year, up, or down? If you’re doing fewer sales at higher prices, that’s a sign of a weaker market.
wall street bonuses will be off by 10-15% this year.
when talking in millions of dollars in some cases, it really is not going to stop people from buying property.
it might mean that they’ll buy a 1.5 million dollar pad instead of a 1.75 million or 2 million dollar pad.
not a big deal.
So long as the dollar stays this weak the Manhattan and Brooklyn markets will stay strong, apartments here are a giant bargain for overseas buyers right now. Who do you think it is buying all these new luxury condos? Factoring in the exchange rate apartments here are 1/2 the price of a comprable place in London right now and that makes and extremely tempting investment opportunity for a lot of people.
First sensible thing you ever posted
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ihavenoideawhatimtalkingabout
ihavenoideawhatimtalkingabout
The What
Someday this war is gonna end..