Elliman.com Reports on latest Sales in Brooklyn | Douglas Elliman

Elliman.com Reports on latest Sales in Brooklyn  |  Douglas Elliman

Listing inventory for the Brooklyn housing market continued to fall, reaching four-year lows that kept sales from rising. Although mortgage lending remained tight, record low mortgage rates combined with limited supply of both re-sale and new development listings placed upward pressure on housing prices. With the expected improvement in our local economy, we are pleased with the direction of the Brooklyn housing market and look forward to an active market in 2013.’

Elliman.com

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