Manhattan apartment rentals more than doubled in the second quarter from a year earlier as the city’s job market improved and tenants gained confidence.
Home sales in the Hamptons, the Long Island beach retreat for summering Manhattanites, rose 21 percent in the first quarter, led by lower-priced properties after a year-end selling rush drained the area of luxury deals.
Home prices in Brooklyn, New York’s most populous borough, climbed in the second quarter, led by demand for condominiums in new developments as affluent buyers entered the market.
"Most of the efforts that have been done on the state and local level have actually extended the crisis."
- Miller Samuel on Apr 26, 2012
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