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Rugby Road - For Sale By OwnerProperty Details:
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1809 glenwood road - For Sale By OwnerProperty Details:
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36 wellington ct - For Sale By OwnerProperty Details:
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Description:Single Family, White Picket Fence Victorian Dream House on child friendly cul-de-sac. One of the most beautiful and peaceful blocks in brooklyn. Six bedrooms, One and two half baths, Private Driveway, Large Front and Back Yards. Coffered ceilings, working wood burning fireplace and stain glass windows will wow your guests. |
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Luke Constantino | Monday, June 29th 2009
Each market is different. NYC was a bubble market that wasn't affected by the rest of the nation for a long time. I find this not to be true now. I see the market regulating from the extreme overpricing that has gone on here for about 3 to 4 years, but it's still going to take time. The trifecta (low mortgage rates, low prices, tax credit) set up for first time homebuyers is slowly fading away. Even though the tax credit is still in place for people who make less than $ 75,000 annually, the mortgage rates are slowly going up along with the taxes and closing costs.

In NYC, I don't feel we are being hurt by the federal government as much as the city, which is literally strangling people. Is it still a good time to buy? Yes, but not for long - at least not here in the 5 boroughs of NYC. A lot of inexpensive 1-2 family houses are selling, but the overpriced properties still flood the market. With the upward trend that is happening to closing costs, mortgages and property taxes, it will soon be a no opportunity market for first time homebuyers.
Luke Constantino
Commercial | Residential
RE/MAX @ THE SLOPE
Direct: (212) 300-3919 | Fax: (360) 368-0098
http://LukeConstantino.com
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The below Market Report is for selected areas in Brooklyn, NY: Bedford-Stuyvesant, Brownsville, Bushwick, Canarsie, Crown Heights, Cypress Hills, East Flatbush, East New York, Flatbush, Flatlands, Ocean Hill, Old Mill Basin. This information is gathered from the Brooklyn MLS (it is not inclusive of all properties sold in these areas).
Two Family Homes
Median Selling Price - $327,500 a decrease of 39.6% from May 2008.
Closed sales - 22 Bank Owned/Short Sales - 11
Days on market - 120
New Active Listings this month - 59
Expired Listings this month - 45 Days on Market - 200
Information gathered from the Brooklyn, NY MLS

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