Sunset Park market not so sunny

From the January issue: Maybe Sunset Park is aptly named. The real estate market in the
Brooklyn neighborhood is softening and prices are on the decline,
making it one of the first neighborhoods in the city to be registering
the lingering effects of the credit crunch. HMS Associates, an
appraisal firm that measures prices and transaction volumes, found that
more homes sold between October 1 and the middle of December than in
the period right before that, but it also found that prices were down.
Young professionals who have gotten priced out of other areas have
turned to Sunset Park as an alternative — and developers have been
feverishly building high-end condos there.