Recently, Brooklyn New York was rated the most expensive place to own a home in the United States, beating out notoriously expensive metropolitan areas such as San Francisco and Washington D.C. Interestingly, these statistics were quite surprisingly. Brooklyn was once considered a refuge from the overly priced city loft apartments and townhomes in Manhattan.
While Brooklyn may be the most expensive place for home ownership in the country, renting lofts and apartments is a viable option to home ownership. In fact, home ownership rates are the lowest they’ve been in nearly seven years. While the real estate market has shown promising signs of recover following the Great Recession, potential home owners (more…)
09 Jan 2015