Housing
Real Estate Boom of the Day: Brooklyn Is Back
The borough is on track to hit $2 billion in property sales this year.
In Brooklyn, good times are back.
According to a report by real estate firm Massey Knakal, property sales are up 12 percent in the first quarter 2012 compared to this time last year. Overall, sales were $683 million, double what they were at this time last year. If the borough continues to burn through real estate at this pace, sales consideration will top $2 billion for the first time since 2008.