The Daily News rounds up quotes from real estate heavyweights (Trump, Knakal, etc.) on where the market is headed, and Douglaston Development's Jeff Levine (developer of Williamsburg's Edge) gets specific: "Inasmuch as there has been an absence of construction financing in the New York market in the past 18 months, our ordinarily tight residential market would be even further constricted except for the fact that the global and local recession has begun to impact employment. I believe these conditions will lead to a modest decline in the short term, with a recovery in the first half of 2010." [NYDN; previously]
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