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Thomas C. Demsker here, The Un-Broker. As an Associate Broker for Prudential Douglas Elliman and creator of Un-Broker.com, I have put together a blog to help consumers with useful tidbits and insights about NYC Real Estate. This blog is done for the purpose of giving/helping consumers get the most out of NYC Real Estate. Based on my previous experiences as a consumer of Real Estate, I realized the public needed a new approach from their real estate professionals and the Un-Broker was born.
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Q1 out...
The market report came out and it depicted what I said it would - flattening year over year appreciation. things to consider; sales volume is down from last year Q1 by 34%...yet last year was a record breaking year for sales volume in Q1. It goes further to say that this level of sales is like 2005. That was a pretty solid year for real estate transations. I guess as usual it is all about perspective. My prediction is flattening of appreciation into 09 with a slight rebound in 2010.
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