Exact(5)
That scale, along with the cooperation of the site's owners and of the local Realtor group, made the economists' study possible.
The Realtor group was optimistic the fall-off would be temporary, as long as the economy improves — a rather big "if".
In a news release last November, the Realtor group said that sales on higher-priced vacation properties had been hurt by lenders seeking large down payments and "over documentation" for even well-qualified borrowers seeking jumbo loans.
The Realtor group, whose membership reached a record high of 161,000 in 2004, said it had followed the career path of 100 new agents in 2000 and found that by 2005, only 43 of them were still in the business.
No similar Realtor group has been here since 1993, when the Real Estate Board of New York, a trade group that represents most of the city's builders and landlords, broke with the National Association of Realtors, a trade group for real estate brokers.
Similar(51)
Brooklyn Beyond Brownstones, 'Realty Homes' Rise There are three Brooklyn realtor groups that specialize in house-price data beyond that northwestern section commonly called "brownstone Brooklyn".
The Realtors group also calculates median sales prices in many metropolitan areas on a quarterly basis.
But the Realtors group has noted in past months "a measurable level of contract cancellations".
Sales are rising faster for more expensive homes, the Realtors group said.
That is the lowest proportion since the Realtors' group began tracking the figure in October 2008.
It takes about a year to sell a house, the Realtors' group said.
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