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Yonkers New York
Yonkers is the fourth largest city in the state of New York. The city is spread out over many hills rising from sea level at the eastern bank of the Hudson River. The city's best-known attraction is Yonkers Raceway. It is home to the Yonkers Hudson Riverfest which is an environmental and multi-cultural festival held annually at the Yonkers Recreational Pier.
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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