Thursday, July 16, 2009

Home sales in Brooklyn, Queens rise as prices tumble

Thursday, July 16th 2009, 4:00 AM

F. Roberts for News

The number of sales jumped 20.4% in Brooklyn and 18.2% in Queens compared with early 2009, according to a report to be issued today by brokerage firm Prudential Douglas Elliman.

Pent-up demand and historically low interest rates lured more homebuyers into deals in Queens andBrooklynin the spring, but housing prices continued to tumble.

Read the entire article HERE.

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