Tuesday, September 29, 2009

Syracuse housing market ranks high in new report on economies of 100 largest metropolitan areas

Posted by Nicholas Vanikiotis

Syracuse, NY -- A report to be released today by the Brookings Institutionsays the pace of economic decline slowed in most of the nation's 100 largest metropolitan areas in the second quarter, but that the differences in overall performance among metro areas remained stark.

"Signs at the national level that job and income losses are slowing continue to mask the highly variable performance of individual metropolitan economies," said Alan Berube, research director of the Metropolitan Policy Program at Brookings, a Washington, D.C., think tank, and co-author of the report.

The Syracuse area's housing market had one of the strongest rankings of any metro area.

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  1. I never knew Syracuse's ranking before. I am glad that it didn't not see a rapid decrease. Hopefully they can see a higher increase in commercial real estate in the surrounding areas of Syracuse

    Mike Rivezzo

  2. It's really interesting to think about what may have caused other cities versus Syracuse not fair as well when it comes to the current real estate market. This ties in nicely with our discussion in class about the history of Syracuse's housing market.

    Posted by Laura Reginelli