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New York Fed Releases New Analysis and Data on Regional Housing Conditions as Part of New Online Resource
June 27, 2011
NEW YORK—The Federal Reserve Bank of New York today released original analysis and detailed charts on the housing market in New York City, Long Island and the Hudson Valley as part of a new online resource called Regional Mortgage Briefs. This new information provides a unique glimpse into current housing conditions regionally and at the zip code level, including insights on recent trends in mortgage delinquencies, foreclosures and housing prices.
The following are some of the key highlights for New York City, Long Island and the Hudson Valley presented in this release, as of March, 2011:
New York City:
“Mortgage delinquencies and foreclosures remain a serious concern for our region,” said Kausar Hamdani, senior vice president and head of Regional & Community Outreach at the Federal Reserve Bank of New York. “The Bank is committed to helping distressed homeowners by providing policymakers and other community stakeholders with accurate and comprehensive information to better address this issue that impacts the people in our District.”
Regional Mortgage Briefs also includes graphical displays of foreclosures rates, mortgage delinquencies and housing price index statistics by zip code for the Bronx, Brooklyn, Manhattan, Queens, Staten Island, Nassau County, and Suffolk County. The New York Fed expects to refresh Regional Mortgage Briefs with updated information and analysis as it becomes available. Regional Mortgage Briefs will be broadened to include Northern New Jersey and select Upstate New York metro areas in the near future.
About Regional Mortgage Briefs
About Regional & Community Outreach at the New York Fed
For questions on the data, contact: