Worry chills local residential market

By Lauren Elkies, Jovana Rizzo and Alex Ulam | October 06, 2008 06:25PM

From the October issue: Financial news headlines about Wall Street’s meltdown are ratcheting up the fear factor for buyers and sellers, who are becoming even more cautious about plunging into the real estate market. Industry experts anticipate price drops across the board. But certain residential neighborhoods will probably be hit harder than others by the chaos on Wall Street. This month, two stories take a look at the impact Wall Street’s trouble could have on Manhattan’s residential market.

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