Relevant:
2008-10-02 — cnbc.com
Over the next 12 to 18 months, New York City property values are likely to decline by 20-25 percent, Bill Staniford, CEO of PropertyShark.com, told CNBC. "Transactions in New York City right now are pretty much non-existent; what that means to me is that prices need to come down," he said.
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