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New York City New York
New York City is the largest city in the United States and one of the world's major global cities. It is the most densely populated city in North America. Popularly known as the "Big Apple" or the "Capital of the World". New York City is a major center for international business and commerce. Tourist destinations include the Empire State Building, Radio City Music Hall, Broadway theatre, the Intrepid Sea-Air-Space Museum, the Bronx Zoo and luxury shopping along Fifth and Madison Avenues. New York has a humid continental climate
New York City Real Estate
New York City's real estate is comprised of a collection of neighborhoods. The borough's striking diversity plays host to a multitude of ethnic neighborhoods. During the 60s and 70s urban renewal projects throughout the boroughs destroyed existing low-density neighborhoods in favor of new roads that led to an urban sprawl as well as many high-density housing projects. For a period that followed, a wave of crime overtook the borough's. This caused New York City real estate prices to fall and caused many people to move to the suburbs. In the late 80s through today, New York City has been undergoing positive changes and a major building spree. New York City real estate has been growing very rapidly over the last several years. Just recently real estate prices in the New York City area have begun to soften a bit but experts and market watchers say the fundamentals underlying New York City's real estate market remain sound.
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