January 22, 2015
The New York real estate market is doing relatively well. How is New York doing compared to the country as a whole? Tom Fink illustrates by showing the nation sectioned into regions and shows the delinquency rate in each region.
From a real estate perspective, the best performing states are in the west coast region and a lot of the California market seems to be recovering nicely. The mid-Atlantic region, which encompasses NY, NJ and PA, is about middle of the pack on delinquency rates. New England continues to do well but is dominated by the Boston healthcare market. Outside of Boston, there are some challenges in the other areas. The west south central, which encompasses Texas, is “going gang busters… We have an energy rich economy today and Texas is an energy state, that’s why that area of the country is doing so well."