Pursuits
Brooklyn Home Sales Drop 30% After End of Tax Credits
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Home sales in New York’s Brooklyn borough dropped 30 percent in the fourth quarter after a federal tax credit propelled transactions to a record a year earlier.
The number of sales fell to 1,468 from 2,093 in the last three months of 2009, which was the largest deal volume for the quarter in eight years of record-keeping, New York appraiser Miller Samuel Inc. and broker Prudential Douglas Elliman Real Estate said today in a report.