New York agent Kathy Sloan may not have been popular when she said it, but some New York real estate values are on the decline.... New York agent Kathy Sloan may not have been popular when she said it, but some New York real estate values are on the decline. Sloane told ABC 20/20 that Manhattan's finest co-op apartment units may have lost a fourth of their value, and "the worst is yet to come."

This can be demonstrated by looking at some sales tracking provided by the New York Post. The Upper East Side seems to be a good example. Price slides aren't confined to the homes of the affluent, however as this page shows sales prices in the Brooklyn neighborhood of Leffert's Garden have been cut in half.

Is it time to get into the market? You might check out this article first.