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In the News – July 23, 2012

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07/19/12:  Elliman Releases 2Q 2012 Brooklyn Market Report.    The housing market in Brooklyn continued to show price stability and a slight increase in sales, largely the result of falling inventory. The rise in demand and fall in supply have made the current market move at its fastest pace in two years. Despite record low mortgage rates, strict lending conditions have held back further improvement.  With a slowly improving regional economy, we expect more of the same conditions over the upcoming quarters.The housing market in Brooklyn continued to show price stability and a slight increase in sales, largely the result of falling inventory. The rise in demand and fall in supply have made the current market move at its fastest pace in two years. Despite record low mortgage rates, strict lending conditions have held back further improvement.  With a slowly improving regional economy, we expect more of the same conditions over the upcoming quartersSee the full report at Elliman.com

7/23/23:   Elliman Releases 2Q 2012 Queens Market Report.  The Queens housing market experienced a seasonal increase in prices, with slightly fewer sales than a year ago and a large drop in listing inventory. As a result, properties sold somewhat faster and buyers and sellers moved closer together in negotiating sales prices. Tough mortgage lending still remains one of the market’s greatest challenges. As the regional economy continues to improve, we look for more of the same conditions in the immediate future.   See the full report at Elliman.com

7/23/12 City Takes the Initiative in Revitalizing Industrial: As part of a comprehensive package of initiatives aimed at revitalizing the city’s industrial sector, the 16-member Industrial Business Advisory Council is holding its first meeting on Aug. 1.  See the full article at GlobeSt.com.

 

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