I currently live in the North East section of the bronx around throggs neck. It looks like throggs neck prices are falling faster that in other areas but i believe there is a reason for that. The bronx has definatly been emerging however it is very crowded with single family homes converted into multi-family. Parking for the train, quality of services, and cost of living are all on the rise. Although considerably cheaper than manhattan, the bronx is still an outer borough thus it does not provide the youth and night life one is seeking in manhattan life. If thats you, Brooklyn might be a better choice, but im speaking on hearsay not personall experience of brooklyn.