This month in real estate history

By Adam Pincus | July 23, 2013 04:30PM

From the July issue: 1970: Poverty drives down Bronx values

For the first time in 25 years, the city’s assessed property values declined in one of New York City’s boroughs. Noting the impact of poverty on housing values, tax officials cut $14 million from the assessed value of Bronx real estate 43 years ago this month. [more]