Booms & Busts: Looking Back at the Dynamic U.S. Real Estate Market
In the newest issue of Current Issues In Economics And Finance, a journal maintained by the New York Federal Reserve Bank, Jaison R. Abel and Richard Deitz look into the real estate market in upstate New York and investigate why some areas are seemingly immune to booms and busts. They also depict a much more dynamic national real estate market. Here is their abstract:
Over the past decade, the United States has seen real estate
activity swing from boom to bust. But upstate New York has
been largely insulated from this volatility, with metropolitan
areas such as Buffalo, Rochester, and Syracuse even registering
home price increases during the recession. An analysis of upstate
housing markets over the most recent residential real estate cycle
indicates that the region’s relatively low incidence of nonprime
mortgages and the better-than-average performance of these
loans contributed to this stability.
Bypassing the Bust: The Stability of Upstate New York’s Housing Markets during the Recession [Federal Reserve Bank of NY]
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April 5th, 2010 - 12:56
Pretty hard for the colorblind guy to make out anything other than the blue ones:(
April 5th, 2010 - 12:57
Well, those are the good ones, anyway…
April 7th, 2010 - 15:40
That was a very good news for the investors and the brokers. They can take full benefit now. I ll also try to make some money. Thanks
April 7th, 2010 - 16:05
it’s important made in the jornal maintained by the New York Federal Reserve Bank to investigate why some areas are seemingly immune to booms and busts.
April 7th, 2010 - 16:26
The last economic crisis of 21st century suggests the long term investors to invest in land. The US land is desirable by the people of all country. So the boost became busts was an eventual event. Its good news for investors also.
April 7th, 2010 - 16:31
ya the news very good news, i think who is best benefited from this.
thanks
April 7th, 2010 - 17:40
These conclusions are only a very good thing for real estate sellers and the fact that some areas are registering home price increases during the recession is even better
April 7th, 2010 - 20:43
That good news iis a great opportunity for the investors and the brokers.so,think benefited me so much
April 7th, 2010 - 22:36
well every business suffers from boom or from hype and it is natural phenomena.