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Trading Up at the Same Address

Glad tidings?Motoko Rich is back on the real estate beat for the NYT. In a piece for House & Home, she writes about New Yorkers trading up at the same address, like a couple in a building at East 59th and Second Avenue who recently moved down the hall. Money quote from CBHK broker Elayne Reimer, "In this case it's 360 apartments and that becomes the neighborhood. In Texas, that could be a whole town."
· Moving On Up, Same Address [NYTimes]