'Tale of two recoveries' emerges in Sandy's wake

An analysis by StreetEasy of sales and price changes in New York City neighborhoods following Hurricane Sandy tells a “tale of two recoveries.”

Contract volume in flood zones in Manhattan quickly rebounded after Sandy initially dented them, while prices and rents remained stable, StreetEasy reported.

But some housing markets in flood zones of other boroughs were not nearly as resilient as those in Manhattan, and they are continuing to feel the effects of the super storm, according to StreetEasy.

Source: StreetEasy