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House Price Drops Reported In N Y Area

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http://www.builderonline.com/industry-news...rticleID=259453

Long Island Housing Prices Fall in January

Source: Long Island Business News

Publication date: 2006-02-13

By Dawn Wotapka Hardesty

The region's median closing price was $440,000 in January,
down
from $443,000 in December, the Multiple Listing Service of Long Island reported. Nassau
slipped
$2,000 to a median $480,000, while Suffolk dropped $10,000 to $390,000. Queens, meanwhile, jumped 5.4 percent, from $460,000 to $485,000.It's another indication that the housing
market is cooling
, said Pearl Kamer, chief economist at the Long Island Association. But so far the decline has been extremely modest and I think it will be gradual over time.

See the wonderful spin put on the cooling market by an American EA:

Currently, 23,470 residential properties are available, up 66 percent from 14,139 a year ago. Suffolk's 9,825 units represent a 64 percent increase, while Nassau's inventory spiked 67 percent to 6,689 in twelve months. Christopher Armstrong, MLSLI president, said the
region is beginning to see the signs of a balanced market.
And Bart Bleiweiss, an associate broker with Laffey Associates Fine Homes and Estates, who in January complained buyers were waiting, is happier now, reporting things have picked up in the last few weeks. Buyer interest has gotten a lot stronger, he said.

Supply increases by an enormopus 60+ % and the market is not falling but "balancing."

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http://www.builderonline.com/industry-news...rticleID=259453

Long Island Housing Prices Fall in January

Source: Long Island Business News

Publication date: 2006-02-13

By Dawn Wotapka Hardesty

The region's median closing price was $440,000 in January,
down
from $443,000 in December, the Multiple Listing Service of Long Island reported. Nassau
slipped
$2,000 to a median $480,000, while Suffolk dropped $10,000 to $390,000. Queens, meanwhile, jumped 5.4 percent, from $460,000 to $485,000.It's another indication that the housing
market is cooling
, said Pearl Kamer, chief economist at the Long Island Association. But so far the decline has been extremely modest and I think it will be gradual over time.

See the wonderful spin put on the cooling market by an American EA:

Currently, 23,470 residential properties are available, up 66 percent from 14,139 a year ago. Suffolk's 9,825 units represent a 64 percent increase, while Nassau's inventory spiked 67 percent to 6,689 in twelve months. Christopher Armstrong, MLSLI president, said the
region is beginning to see the signs of a balanced market.
And Bart Bleiweiss, an associate broker with Laffey Associates Fine Homes and Estates, who in January complained buyers were waiting, is happier now, reporting things have picked up in the last few weeks. Buyer interest has gotten a lot stronger, he said.

Supply increases by an enormopus 60+ % and the market is not falling but "balancing."

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You have to congratulate the Americans for reporting it how it is. They don't let people **** about when they put in an offer on houses either.

In England we all dither around like a bunch of c**ts so that 1 in 3 house transactions falls through.

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  • 336 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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