... and the news is good for homeowners!
Corcoran's Monthly Brooklyn Property Report finds a 14% increase in Brooklyn home prices (borough-wide) from September 2012 - October 2012. It also found that year over year prices have risen 13%. In July 2012, Ft. Greene prices were up a whopping 22% from July 2011. If this continues throughout the 4Q 2012, it will be the borough's fifth consecutive quarter reporting price improvements and a clear return to pre-recession home values. While the reason for the most significant increases have been attributed to higher townhouse prices, prices have in all categories continue to go up as well. This is good news for owners!
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