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Elliman Report: Queens Sales 1Q 2020

Final two weeks of March 2020 • The number of sales increased by 4.4% to 3,035 from the prior-year quarter for the second straight quarter of annual gains after eight quarters of yearly declines. Yet this pattern was not reflective of the recent change in market conditions that began in early March and has been measured in terms of days. Awareness of the global pandemic known as COVID-19 cooled conditions after two significant rate cuts by the Federal Reserve…

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Housing Notes by Jonathan Miller

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