In the News – October 21, 2012


10/3/12  Power Strips:  What’s your strategy for Power Strips?  Do you hide them?  How about showing them off?  Read about Rich Thrush’s strategy and see some interesting designs in this New York Times article.

10/10/12  Exclusive 3rd Quarter 2012 Elliman Report for Westchester & Putnam Sales Markets:  After one of the busiest spring markets we’ve seen in 5 years, the Westchester housing market remained active through the summer.  In fact, third quarter sales in Westchester were up sharply compared to the same time last year. Record-low mortgage rates, despite unusually tight lending conditions, drove demand and helped bring first time buyers into the market. While housing prices generally remained stable, the amount of inventory available for sale continued to decline. We anticipate the same market conditions through the end of the year.   See the full report at Elliman.com 

10/18/12  Exclusive 3rd Quarter 2012 Elliman Report for the Queens Market:  The third quarter Queens housing market was characterized by stable pricing and falling inventory. Properties sold faster as buyers and sellers moved closer together in determining fair prices. Despite mortgage rates dropping to record lows, the market remained a challenge for buyers, with limited inventory to choose from and tight bank lending conditions. The Queens market has come a long way over the past several years, and we look forward to an active market over the next several quarters.   See the full report at Elliman.com

10/18/12  Exclusive 3rd Quarter 2012 Elliman Report for the Brooklyn sales Market:  The Brooklyn housing market was defined by falling inventory this quarter. Consumers had fewer choices, which continued to hold back the number of sales. Despite mortgage rates falling to record lows, housing prices remained stable, largely due to the tough lending standards still in place by banks.  Despite this challenge, the market stabilized, and we anticipate continued improvement over the upcoming quarters as the economy grows stronger.  See the full report at Elliman.com

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