STEADY PROGRESS FOR NYC RESIDENTIAL MARKET IN 2ND QUARTER, ACCORDING TO REBNY BROKER SURVEY

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NEW YORK, NY – July 21, 2011 – (RealEstateRama) — A broker survey conducted by the Real Estate Board of New York (REBNY) for the second quarter of 2011 found that 77 percent believe next quarter’s values and sales will be better than or the same as this quarter. Also, 10 percent more brokers reported closing sales at or above asking price compared to what brokers reported in the second quarter of 2010

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