Brooklyn property values level off

Brooklyn real estate prices have leveled off, as its highly-valued
brownstone neighborhoods showed fourth quarter gains far below
Manhattan’s, according to a report by Corcoran Group. “This was the
year that Brooklyn showed its maturity,” said Pamela Liebman, CEO of
the Corcoran Group. “These areas had been seen as emerging markets and
it was almost like a boom mentality. But this year they have already
emerged and it cooled off.” But Brooklyn should not be compared to
Manhattan because it lacks affluent foreign buyers, she said. more [Post] and more [Brownstoner]