(Newser) -
New York, Boston, and Charlotte, NC, are at the center of the financial industry, but so far those cities haven’t seen home prices plummet the way they have in the rest of the country. New York’s single-family-home prices are down from their 2006 highs, roughly half the decline in the overall S&P/Case-Shiller index. But those cities can’t buck the trend forever, the Wall Street Journal reports, meaning prices have a steep drop ahead.
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