Jul
13

In the News – July 13, 2014

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07/10/14:  Douglas Elliman releases Elliman Report: Manhattan, Brooklyn & Queens Rentals June 2014: Over the past four months Manhattan rental prices have continued to increase, reaching the highest peaks in more than five years. The market has tightened as a result of falling vacancy rates and limited use of concessions by landlords. Tough mortgage lending requirements and an improving local economy are expected to keep upward pressure on rents over the next several months.  See the full report at Elliman.com 

07/10/2014  Douglas Elliman releases Elliman Report: 2Q 2014 Quarterly Survey of Residential Sales for Brooklyn market:  The Brooklyn housing market juggernaut continued through the spring. Housing prices increased for the seventh consecutive quarter and set new records as sales increased and inventory declined. Marketing time was faster and negotiability between buyers and sellers fell. In recent quarters, the rate of price increases had been slowing, which may be welcome news to buyers, although we don’t anticipate much relief over the next several quarters  See the full report at Elliman.com 

 

7/10/2014 Douglas Elliman releases Elliman Report: 2Q 2014 Quarterly Survey of Residential Sales for Queens Market:  After a year and a half of rising sales, the Queens housing market took a breath in the second quarter as sales slipped. For more than three years now, listing inventory has continued to fall.  Although housing prices this year remain slightly below last year, co-ops are showing strength, benefiting from higher cost housing in Brooklyn, which has shown little sign of easing.  See the full report at Elliman.com.

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