About New York economy

Overall, the economy in New York on secondary (industry) and tertiary (services) sector dominated economy. The (mixed and traditional) agriculture and fisheries play a relatively minor role. Fruit (especially apples, strawberries and cherries) at Hudson and at the Ontario grown in the area around Rochester also smaller quantities of wheat. Similarly, there are even small vineyards. It is also in the hill areas, livestock operation. The state of New York is therefore one of the largest dairy producers in the United States. The farms are rather small, in the mid-west and south of the U.S. widespread “agribusiness” is not available because the areas are relatively small. The primary sector is also counting on the extraction of raw materials is mainly in the north of the state operated. At a few places are iron ore and steel finisher dismantled, as well as rock salt (in the region around Rochester), as well as small quantities of crude oil and natural gas in the southwest. The industry plays in the mid-sized cities (Buffalo, Rochester, Albany) a major role in the entire state of New York belongs to the Manufacturing Belt. The main industries are machinery and transport equipment and electrical engineering. The basis for this is the iron and steel production, primarily in and around Buffalo will operate. Electrical Engineering and the printing industry are among the main industries in the region around New York City. However, this region an exceptional position, because the service is by far the most important industry. Numerous companies in the high-tech industries (eg IBM), the banking and finance (eg Goldman Sachs, JP Morgan) and influential newspapers (eg New York Times, the Wall Street Journal) and television (eg, NBC, HBO) have their headquarters in New York City, as well as the world’s most important stock exchange (New York Stock Exchange). Also located in New York City numerous important scientific (eg New York University) and cultural (eg Metropolitan Opera, the Museum of Modern Art) facilities in a confined space.

New York real estate values

New York real estate markets

The most popular real estate markets for the New York state are in the following areas:

•    New York
•    Yonkres
•    Southampton
•    Oyster Bay
•    Niagara Falls
•    Monroe
•    Long Beach
•    Jamestown
•    Huntington
•    Hempstead
•    Brookhaven
•    Buffalo
•    Babylon

Bear in mind that the list of New York real estate markets may be subject to change due to economic issues.