Your Afternoon Credit Crunch
Tuesday, March 25, 2008, by Robert
Home sales and prices are dropping in four Brooklyn neighborhoods hard hit by the subprime meltdown and it's likely to spread. Sales volume is down 64 percent in Bed-Stuy, East New York, Brownsville and Ocean Hill, according to HMS Associates. The report's author predicts declines elsewhere: "I think we’re going to see a lot less sales in the better neighborhoods..." [Crain's]
Filed under Brooklyn: Bed-Stuy, Brooklyn: East NY/Canarsie/Brownsville, Quicklink, Credit Crunch, Market Report, Sub-Prime Crisis
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CURBED NY
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Brooklyn Editor
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Roving Photographer
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CURBED NETWORK
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