Which neighborhoods will take biggest knock?
October 13, 2008 10:30AM By Alex Ulam
The Financial District could be among the first neighborhoods to see price drops.
From the October issue: With New York City's financial sector freefalling, real estate industry insiders are expecting price drops across the board. But certain neighborhoods will probably be hit harder than others by the chaos on Wall Street. Outer-borough neighborhoods and fringe areas in places like upper Manhattan are already feeling softening because of the overall dampened economy. However, the Financial District, the Upper East Side, Midtown and certain suburbs that are popular among Wall Streeters are likely to feel the most impact from the financial service layoffs, brokers said.
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Comments
Anonymous
all the "ethnic" neighborhood hyped as the next big thing.
Comment #1 Posted By: Anonymous 10/13/08