Bill Marsh penned in yesterday’s NYT an article with a most interesting accompanying graphic; the article was titled “For Most Cities, Recession has Arrived”. 

One of the most fascinating take home points from the article in our minds is the graphic above; click here for a full screen sized version that is much easier to read. 

On one hand it’s not surprising to see trouble concentrated in California and Florida, as well as through the Rust Belt. 

We’re probably even more impressed with the areas where the economic conditions were seen to favor expansion – no surprise in Texas, but how about Denver and Seattle?  No surprise about the markets in NC either for those that are following data along with us in our multifamily and single family market rankings. 

I was just on the phone with one of our board guys who is an economist by training and an a real estate investor by profession – he said he’d like to see the graphic overlaid with two other parameters – one coding which states are right to work states vs. non-right to work states, and another coding which states are “blue” and which are “red”.  You can do the math on these……

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