Fear of Housing Bubble Threat in Brooklyn, Nation

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Reports, among others, that an open house for a five-bedroom brownstone in Brooklyn priced at $949,000 drew 300 visitors and brought in 50 offers are fueling fears of froth in the nation’s real estate market. The U.S. spring homebuying season has been marked by a frenzy of demand driven by Federal Reserve initiatives to bring down borrowing costs, a dearth of listings, and a new appetite on Wall Street for foreclosed homes.

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One Response to “Fear of Housing Bubble Threat in Brooklyn, Nation”

  1. Moses Kestenbaum ODA
    June 24, 2013 at 12:56 PM #

    Greedy developers and idiot buyers are pushing this buble

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