Fannie Mae-No Politics (FNMA)

[Cash47873]

Yes I hear you. The northeast in general had limited inventory to begin with, factor in hurricane Sandy and winter storm damaged areas and you have one of the tightest markets if not THE tightest real estate markets in the nation.
Boots are on the ground and hammers are swinging folks. That's the sound of progress, long over due in my opinion in a part of the country that has had an aged and dilapidated infrastructure in need of major widespread re construction.

As bad as Sandy was in some ways it is a boon for the northeast housing markets. You have homes and buildings over 100 years old up there. Down in this market the oldest homes were built in the 50's and 60's for the most part and those are getting knocked down or renovated all the time.

Housing market has a huge, huge trickle down economics factor. Don't hate me for saying it but storms like that have helped the recovery and another 1 or 2 wouldn't hurt. People just gotta get outta Dodge when they happen. Staying put in a 100 year old structure during a storm isn't going to save anything.