Brooklyn buyers should be prepared for a fight
The gloves are coming off for house hunters in Brooklyn. Last month, one in four homes in the borough sold for more than its asking price — a metric typically indicating a property traded after a bidding war. Of the 10 New York City neighborhoods with the highest share of homes sold over asking, six were in Brooklyn, according to a Streeteasy report published Thursday. Heightened competition among buyers is a natural next step for the borough’s residential market, where prices have been climbing since pandemic changes drove up demand. Brooklyn logged nearly 500 inked deals in September, up 11 […]
This article originally appeared on The Real Deal. Click here to read the full story.
Categories
Recent Posts
Deals, debt and Epstein’s ties to the industry
The Daily Dirt: A tax exemption for rent-stabilized
portfolios hasn’t been so helpful
Maimonides Medical Center sells for $151.9 million.
We Buy Houses Bowie, MD: Top 5 Companies
What Does It Mean When the Appraisal Comes in Higher Than
Your Offer?
How to Pack for a Move In a Month: Your Room-by-Room
Plan
How to Pack for a Move In a Hurry: A Fast Track to
Success
Rent Spikes are a Thing of the Past—But Investors Can Look
Forward to a Stable Multifamily Market Instead
Why Investors Are Feeling Increasingly Positive About the
Multifamily Market
A New Fed Chairman is Coming Soon—Here’s What Their
Potential Low-Rate Policy Will Mean For Investors
