Upstaters Not as Rosy About Real Estate as Downstaters

The New York City real estate market may be creeping back to its pre-bust luster, but upstaters are apparently more wary of real estate than New Yorkers. This according to the Albany Business Review, which reports that “upstate consumer sentiment is significantly less positive than the outlooks of both New York City and suburban residents.”

Still, city-dwellers, suburbanites and upstaters are apparently all feeling more optimistic about the housing market than they were at the low-point in 2011. Upstaters seem to feel that, although they don’t have much hope for making a big profit on real estate in the future, they think now is a great time to buy. Here’s a pdf of the Siena Research Group’s findings.

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