Why Brooklyn and Queens buyers are “camping out”

“When the sales market dips, the rental market is up,” said Steven James, president and CEO of New York City for Douglas Elliman, summing up the firm’s most recent reports for Brooklyn and Queens. The two outer boroughs saw dropping sales prices and rising inventory, in line with similar trends in Manhattan. On the other hand, the number of new leases being signed in both Brooklyn and Queens was up, suggesting that potential buyers are […]

from The Real Deal New York http://bit.ly/2KscjWo

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