In the article below:
A spokeswoman for Neighborhood Housing Services of Jamaica, which caters to middle- and lower-income buyers, said the effect on the agency’s clients has been bad. “They’re being priced out of the market,” she said.
I have said this before as have others, many of the residents & asshole elected officials and community leaders like the religious sect, should have fucking takeN much better care of their community over the decades as opposed to trashing the fuck out of it and doing all other kind of nonsense that allowed property values to drop like a lead brick. Of course others and the real estate developers were going to swoop in, I mean what the fuck did you think was going to happen. Between the low-class slobs, the gang bangers, the hood rats, the fucked up leaders in this community who looked the other way and allowed bullshit to happen, you all have no one to blame but your fucking selves.
BUT I will tell you who will not be complaining, all the homeowners who for decades watched their property values drop because of the ghetto crew.
So, well, EAT SHIT NOW and find another place to fucking destroy or better yet, learn to act like civilized people and show some damn pride in your community. I mean, hell, look at what the fucking slobs have done to the recently fixed up Rufus King Park, I mean already they are trashing it.
Homeowners who take care of their property and those who have respect for their community don’t give a shit if the bottom folks get tossed, they are the ones that fucked it up to begin with while crooked and do nothing black leaders sat back and watched.
From Queens Chronicle:
Queens sees strong ’17 housing market
Prices rising, homes selling quickly; interest rates still friendly for buyers
Posted: Thursday, April 20, 2017 10:30 am | Updated: 1:09 pm, Thu Apr 20, 2017.
The Queens housing market made a very strong showing in the first quarter of 2017, according to one of the most pre-eminent residential real estate firms in the country.
Douglas Elliman Real Estate, based in Manhattan, said in its monthly report that median sales prices in the borough were up 21.3 percent over the first quarter of 2016.
The average sales price for a house was $558,259, up 17.4 percent from January through March a year ago.
“Brooklyn and Queens continue to show a very fast moving pace with rising sales and falling inventory,” the Elliman report states. “Price trends are setting new records — the median sales price reached a new high for the third consecutive quarter.”
Queens saw 3,395 house sales in the first quarter, an increase of 34.9 percent from 2016 and the highest total in nine years.
Listed inventory was down 4 percent over a year ago. The firm also says the Queens market is benefiting from a “Brooklyn spillover.” Sarah Burke, a managing director at Elliman, said the market is strong.
“Whether that is good or bad depends on if you are a buyer or seller,” she said.
Steven Pacchiano, a broker with Connexion 1 Real Estate in Howard Beach, and Tom LaVecchia, the owner and a broker with Howard Beach Realty in Ozone Park, concur with that assessment to varying degrees.
“It’s been very busy the last year-and-a half,” Pacchiano said. “If you’re looking to buy, prices are up. But interest rates also are pretty low right now. Interest rates are at about 3.3 percent and eventually they’ll go up to 4 and eventually 5 percent. So right now is a good market for sellers and buyers.” He and LaVecchia confirmed that inventory is down but both said deals are there to be had “if the price is right.”
“Right now, you might put a house on the market for a few days or maybe a month,” LaVecchia said. “In the past you could have a house listed for a year. Right now there are more buyers than sellers, so that drives prices up.
“Finding a mortgage right now won’t be a problem for most people,” he added. “Finding your dream home is, because of the lower inventory.”
A spokeswoman for Neighborhood Housing Services of Jamaica, which caters to middle- and lower-income buyers, said the effect on the agency’s clients has been bad.
“They’re being priced out of the market,” she said.
Burke said the Elliman report does not deal with rental properties, but that market forces would have their natural impact on that market.
“If you can’t buy right now, you are going to live somewhere,” she said.
LaVecchia, who has been in the business for 43 years, said realtors had listings in abundance as recently as the aftermath of Hurricane Sandy in 2012.
“But the market has stabilized,” he said. “Nothing in this business surprises me anymore. For every downturn, we have an upswing.”