Update:SEPTEMBER 4TH, 2011-*REAL ESTATE* MIDDLE VILLAGE,NEW YORK,11379-BROKER JIM TURANO OF DIVERSE REAL ESTATE, 73-01 METROPOLITAN AVENUE.

*RESIDENTIAL SALES-BUYING IS STRONGER DUE TO LOW MORTGAGE RATES. AFFORDABLE HOMES LIKE 1 FAMILY BRICK RANCH NOW UNDER $500K NEAR JUNIPER PARK.

*RETAIL-STORES ARE NOW BEING RENTED FASTER THAN THE LAST 3 YEARS. FRANCHISES LEADING THE WAY.

*1031 EXCHANGE DEALS ARE ON THE RISE, WITH LISTINGS GIVING A CAP RATE OF 6.5%-6.9% RETURNS.

*APARTMENT RENTALS -BRISK DUE TO THE OVERFLOW FROM GREENPOINT. AVERAGE MODERN 5 ROOM APARTMENT IS $1500 RENT IN THE COMMUNITY.

THREE LISTINGS CURRENTLY AS AN EXAMPLE OF LOWER HOME PRICES: 1 FAMILY DETACHED-4BEDS 2CAR GARAGE, ASKING $539K..(UPPER GLENDALE)

1 FAMILY BRICK TOWNHOUSE-3BEDS. NR. PARK GARAGE,

'HANDYMAN SPECIAL', ASKING $508K FLEXIBLE.

AND 1 FAMILY BRICK-RANCH "ALL ONE LEVEL NR. PARK,

ASKING $508K, FLEXIBLE! REAL ESTATE IS GETTING HOT!

BUYERS & SELLERS SHOULD BE TAKING ADVANTAGE OF CURRENT MARKET CONDITIONS, WHILE IT IS BEFORE US.

BY JIM TURANO/BROKER OF DIVERSE REAL ESTATE IN MIDDLE VILLAGE,NY 11379