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Curbed Roundtable: January State o' the Market Report

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It's a monthly tradition at Curbed to start things off with a discussion about the current state of the real estate market. Obviously, we've been pushed back a couple days by New Year's and server snafus, and thanks to the fourth quarter residential sales reports, there's already a robust discussion about the state of the market underway.

So, for this thread, let's take a different tact. In honor of Long Island City—which claimed the 2007 Curbed Cup after winning 61.9% of the 4,046 votes cast—we ask, in which neighborhoods do you think residential prices are most likely to rise, or fall, in 2008? If you've been looking in specific areas, we'd love to hear your detailed observations, too.
· Curbed Roundtable: December State o' the Market Report [Curbed]
· Fourth Quarter Sales Report: Holy Crap, Will This Ever End? [Curbed]