NYU Furman Center Quarterly Housing Report Finds Home Sales and Prices Up, Foreclosures Down Overall But Up in Queens and Staten Island

New York, NY – July 17, 2012 – (RealEstateRama) — According to the New York City Quarterly Housing Update (Q1 2012) released by NYU’s Furman Center for Real Estate and Urban Policy, home sales volume rose in the first quarter of 2012, with the number of transactions citywide up almost five percent. In Staten Island, home sales increased by more than 43 percent from the previous quarter, although transactions in the borough are down nearly 20 percent from the first quarter of 2011