"Early 2007 Reports Indicate Softening in Some House Prices....W’burg, Park Slope, Bay Ridge, Crown Heights Are Still Hot"
By Dennis Holt Brooklyn Daily Eagle
Brooklyn — New data on Brooklyn home sales in 2006 and 2005 published by Halstead Property and a report from HMS Associates on the first quarter of this year both show the continuation of a Brooklyn boom. However, red flags may have been raised early this year.......And although the period reported covers only about 90 days, the rise in house prices was not uniform. Five neighborhoods showed increases — Williamsburg, Bay Ridge, Park Slope, Crown Heights and Boerum Hill — while five others showed declines — Greenpoint, Carroll Gardens, Clinton Hill, Brooklyn Heights in Sheepshead Bay.
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