High Cost Of Brooklyn Housing

The variation in the data in these short-term local reports is grossly misreported every quarter due to a number of factors that can strongly skew comparison (e.g. one hot new expensive project has a lot of sales in a given quarter).  That doesn't change the overall trend and basic fact that it has gotten outrageously expensive to live around here.

Brooklyn Home Prices Set 10-Year Record

"The rise becomes more shocking when broken down by housing type and neighborhood. The average co-op in the combined area of Carroll Gardens, Boerum Hill and Red Hook, for example, now costs $937,000 — a remarkable 41 percent increase from the same quarter the year before, said the Post."

http://www.brownstoner.com/blog/2013/10/brooklyn-home-prices-set-10-year-record/

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