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First time home buyer and looking for a house. what are the upcoming neighborhoods in queens?

Asked Tue Jun 3 2008, 10:18 by Raje - Queens - Home Buying - 4 answers

Bwc answered:

Well, upcoming is hard to say.. but continue grow is easier..so is recovering from correction:
Location:
Flushing, NY -> foreign money from asia keeps pouring in to this area to sustain the prices.. there was one 2 family selling for 785k.. bid up to 820k so far(yes BID UP..not down).. need some TLC. tho.. agent still waiting for more bid up offers (there was 5 already). There was another 2 family selling for 899k.. but bid up to 920k. So far, that's the only area I see it has been bidding up.
Bayside, NY -> excellent school district.. 2-3 family sold for over 1 million. But bayside had dropped a bit.

One thing to take note: multifamily sustains prices due to tenant pay mortgage.. single family.. you pay only.That's why single family drops more than others.. but still they are still all 500k range now..because condos and coops are sustaing the price.. coops rises a bit too.. condos.. remain the same. in general - Tue Jul 8 2008, 09:35

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