The recovery made only slow advances in October and was still skirting most major population areas in the U.S., according to new readings of the Adversity Index from Moody’s Economy.com and msnbc.com. Nearly one in three metro areas have started to recover, but virtually none of the nation’s biggest cities. (The full list is below.) One likely reason is that the nascent economic recovery started in the nation’s midsection, from south to north, a part of the country that has relatively few big cities. The oil and gas industry has helped states from Texas up through the Great Plains. Heavily urbanized states such as New York and California were among the hardest hit in the recession and are proving slower to recover. Areas with the largest runup in home prices have been the slowest to recover, economists say, particularly Nevada and Florida.
Paul Jackson is the former publisher and CEO at HousingWire.see full bio
Most Popular Articles
Latest Articles
From resilience to antifragility: Rethinking cybersecurity for real estate and mortgage professionals
In information security, we’ve long spoken about resilience. The goal has been to withstand an attack, recover quickly, and return to business as usual. But in today’s environment—where attackers adapt and evolve daily—resilience is no longer enough. We must go further. We must embrace antifragility.
-
From local to global: RE/MAX’s Chris Lim on the next era of real estate relationships
-
Stop marketing like it’s 2008: You’re invisible
-
RE/MAX accelerates real estate innovation with AI and technology
-
Retirement plans for small-business owners have visible generational gaps
-
VA loans rise as housing market shifts toward buyers
Paul Jackson is the former publisher and CEO at HousingWire.see full bio
