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Brooklyn home prices jump

<p><b>BROOKLYN.</b> Home prices in Brooklyn climbed 5 percent in the second quarter from a year earlier as buyers made deals before a federal tax credit expired.</p>

BROOKLYN. Home prices in Brooklyn climbed 5 percent in the second quarter from a year earlier as buyers made deals before a federal tax credit expired.


The median price of condominiums, co-operative apartments and townhouses in New York City’s most-populous borough rose to $463,000, appraiser Miller Samuel Inc. and broker Prudential Douglas Elliman Real Estate said in a report today. Luxury prices, defined as the top 10 percent of sales, gained 16 percent to $1.14 million.

 
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