Oh yes the US Economy is Roaring back to life......
Oh Wait they've just started Raising Rates and they're already downgrading GDP Growth.
If you're So Sure then please purchase another property then come and tell us all about it.
Always.......Even between 1929 and 1949?
Bardon is probably mid 50s and has watched property boom for so long that he has jumped on the band wagon in the last couple of years and egging it on. Late to the party and peaking when everyone is coming down and starting to go home.
What goes up in the states goes up in oz with a delay. But when land values go down in the states they don't here. "It's a kind of magic"
No they go down similarly here although on the last cycle the Ruddy stimulus stifled the slump somewhat compared to the US. That's why the US house prices have been rising so fast because they dropped so much last time. Its that plain and simple you could set your watch by it.
No they go down similarly here although on the last cycle the Ruddy stimulus stifled the slump somewhat compared to the US. That's why the US house prices have been rising so fast because they dropped so much last time. Its that plain and simple you could set your watch by it.
Another global financial crisis would likely see Australia plunge into recession as the government would be unable to bail out the banks a second time, warns former Labor adviser and economist Ross Garnaut.
Oh wait you don't even Know what a Structural Deficit is...
While the median price for Manhattan co-ops and condos dipped slightly in the first quarter of 2017, median prices for co-ops, condos, and townhouses rose by 16.2 percent in Brooklyn, reaching an all-time high as the market hit its fastest pace since the mortgage meltdown of 2008, according to several new market reports.
“In many ways the Brooklyn housing market is mirroring the national market – rising prices, rising sales, and a shortage of inventory,” says Jonathan Miller, head of the appraisal firm Miller Samuel, which prepared a market report for Douglas Elliman. “A strong regional economy, a release of pent-up demand from before the national election, concern about rising mortgage rates – all played a role in the robust conditions.”
Average Brooklyn sales prices also set a new record high of $993,955, up 25 percent from the year before. The number of overall sales in the same period jumped 46.2 percent, for a total of 2,800 sales. Residential condos dominated the western swath of Brooklyn in the first quarter of 2017, as the median price for a condo increased 29 percent year over year to $1.3 million.
Inventory was the only major data point in that fell compared to the previous year — it fell by 19.9 percent. Average time for a listing on the market increased to 97 days, up 27 days from the year before.
The first quarter also brought some notable sales records of individual Brooklyn properties, Brownstoner reports, including 1 Verona Place in Bedford Stuyvesant, which broke the previous neighborhood sales record of $3.3 million, and 1 Main Street’s Clock Tower penthouse, which broke the borough record for condo sales after selling for $15 million.
About a year and a half ago, there was speculation that the market in Brooklyn would dip. These new market reports indicate otherwise.
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