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Holding Tight in the Heights?

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A StreetEasy message boarder solicits some opinions on the Washington Heights housing market, generating some interesting feedback. One reply: "Don't expect prices in Washington Heights to come down much, if at all. It's one of the few neighborhoods holding its value because it was never overpriced to begin with. I own a co-op up there myself and just had it re-appraised a month ago. Its value actually went up -- not much -- only 2% over the past two years -- but it still went UP, not down." [StreetEasy]