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Elika & Associates

Blog by Gea Elika
New York
Elika Associates is New York City's premier real estate buyer's brokerage. We exclusively represent you the buyer and provide exceptional services tailored to each discerning client's unique real estate needs. Elika Associates provides local and international buyers with expert, unbiased assistance with all your property inquiries while we find, manage and negotiate the purchase of your next real estate investment.

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Elika & Associates

September 2008

The Current Crisis, The Government Bail Out, and the New York City Housing Market
Sep. 19, 2008
Let us take a step back: The proposed government bail out will involve at least half a trillion dollars of the public's money; the AIG bailout was $85 billion; Bear Stearns, around $20 billion; the Fed has pumped in well over half a trillion into the credit markets by this point; interest rates for treasury bonds are significantly lower than rates for bank-to-bank loans.
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Real Estate Agent Anecdotes Suggest Strong Summer
Sep. 15, 2008
Tagged with: manhattan real estate
There has been little doubt recently that the real estate market here in New York City has been slowing down recently. Inventory is up, and sales are down. While average prices have remained strong, it is clear that the days of the superman-like invulnerability in the market is a thing of the past.
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