It seems like the first time homebuyers are coming out of the woodwork in Brooklyn and the New York City boroughs. It seems that the lower prices, low interest rates and the government tax incentives have all combined to create the perfect storm for Brooklyn real estate. Some areas are rebounding stronger than others, with blue collar area offices all enjoying record-breaking months. The south shore of Brooklyn is on fire as affordability seekers and bargain hunters are becoming hobbyists in these neighborhoods. Foreclosures and short sales are becoming a larger part of our everyday business. Seminars are being held weekly that tell the story of how this may be the best time ever to buy a home…and I believe that it really could be.
There is also an interesting phenomenon that seems to be emerging with a second wave of first timers. These people have seen their friends who previously rented now become owners and they didn’t want to miss out on the opportunity. Our homebuyer seminars have been going on for months now and we’re seeing that some of our attendees who we met 6 months ago and have bought a home are now bringing their friends. This is very exciting.
Fillmore’s Canarsie Office, Old Mill Basin Office and Bensonhurst Offices all had amazing sales records for October. The downtown Brooklyn market is also seeing a nice pick up in sales. Fillmore’
