Real Estate Prices Slipping
The Wall Street Journal has a long winded bit on real estate prices around the nation; some neighborhoods in Manhattan continue to gain value, but according to the article, Jersey City and Hoboken are off between 3% and 14%.
2 Comments:
Talk about margin of error.
"Those areas of Brooklyn that are close to Manhattan are also holding up well. On the periphery, places like Jamaica, Queens; parts of the Bronx; and nearby New Jersey towns such as Jersey City and Hoboken are off between 3% and 14%."
If I had to guess, I would surmise that the broad range is not a margin of error, but rather the "periphery" neighborhoods have a great deal of variation in how much they are off. I would place money on Hoboken and Jersey City being "off" closer to the 3 to 5 % and Queens and the Bronx being closer to the 12 to 14%.
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