Harlem’s Real Estate Market Is A Bust

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Tim Fines/ NY Times

From NYTimes.com:

Of all the New York City neighborhoods swept up in the real estate boom of the last decade, few became as hot as Harlem. It grew increasingly gentrified and integrated. Its economy developed a lively pulse, and its town homes — stately, historic, but often neglected — fetched prices unheard-of for the area.

But that sense of electricity and evolution, which thrilled some residents and troubled others, has been unplugged.

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