It’s hard to make too much of this, but there something in the decline reported in “four Brooklyn neighborhoods hard hit by the subprime lending crisis over the past six months.” A report from HMS Associates says that home sales in Bed-Stuy, East New York, Brownsville and Ocean Hill were down 64 percent. The reports author says he thinks an analysis coming out soon will show a more widespread drop: “I think we’re going to see a lot less sales in the better neighborhoods and probably even a drop in prices as well.”–Crain’s
Bklink: Real Estate Market Rumbles
March 26th, 2008 · No Comments
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