Staten Island Still Going Strong
There is no doubt that every market in America has been affected by the economic crisis, but looking at such overheated markets as Florida, San Francisco, and Phoenix, New York's drop has been comparatively mild. And of the five boroughs it seems that Staten Island has been one of the less affected. Despite the boom in building on Staten Island in the last half decade or so, the New York Post and Brownstoner are reporting that Staten Island has the fewest stalled construction sites of all the boroughs. Naturally, this is not a statistic that one would consider an economic indicator, but it does mean that Staten Island continues to be a level headed investment neighborhood, unlike way overheated Williamsburg.
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