3Q Brooklyn Market Report – 2013

Screen Shot 2013-10-10 at 8.42.25 AM Today, Douglas Elliman released our 3rd quarter market report for Brooklyn. (Produced by Douglas Elliman & Miller Samuel) Here are the highlights: Median sales price jumped 11.6% to $564,720 over the same period last year and was the highest quarterly result since the metric was tracked in the first quarter of 2003. The chronic inventory […] Continue reading →

3Q Manhattan Market Report – 2013

3Q2013 Today, Douglas Elliman released our 3rd quarter market report for Manhattan. (Produced by Douglas Elliman & Miller Samuel) Here are the highlights: The 3,837 sales in the third quarter were 30% above last year’s total and second highest only to 3,939 in the second quarter of 2007. Listing inventory dropped 21.9% to 4,567 from the […] Continue reading →

Brooklyn 2nd Quarter 2013 Market Report

BK2Q13     Douglas Elliman just released the 2013 2nd Quarter Market Report for Brooklyn. Please click the image below to view full size. Highlights Median sales price increased by 15.3% to $550,000 from the prior year quarter and the fifth consecutive quarterly increase reaching the highest level since the release of our first Brooklyn report […] Continue reading →

Video Listing: 15 West 12th Street, Apt 5F

15West12thStreet5F_Scott_RubinDouglasElliman_Photography_10421379_high_res Step inside 15 West 12th Street, Apartment 5F. A gorgeous Alcove Studio in the heart of Greenwich Village on West 12th Street, right off Fifth Avenue. The Gold Coast of the Village! This co-op building features a 24 Hour Doorman, Concierge, Elevator, Laundry, Pet Policy, and Storage Available and is moments away from Union Square […] Continue reading →

Mortgage Rates Increasing

rates624b Conforming and Jumbo 30yr fixed rates have increased to 4.875%. The magnitude of the rapid rise in mortgage rates has been shocking, but the reason is clear. To help stabilize financial markets and boost the economy during the financial crisis, the Fed initiated an unprecedented program to purchase enormous quantities of Treasuries and Mortgage Backed […] Continue reading →

Rent Stabilization Increase

up Below is a message from the Real Estate Board of New York: At its meeting last night, the Rent Guidelines Board approved the following rent increases for rent stabilized apartments effective October 1, 2013: 1 year lease: 4%, with no minimum dollar increase 2 year lease: 7.75%, with no minimum dollar increase Vacancy allowance: 0% […] Continue reading →
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