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New York Real Estate

Affectionately called the Empire, the State of New York has long been considered as America’s financial capital.  A state subdivided into 62 counties, every town is considered as a sub-division of a county rather than an incorporated municipality as in most other states.  It has a total land area of 47,224 square miles and is the third most populous state in the US with a population of 19,157,532.  It is bordered by 5 states (Vermont, Massachusetts, Connecticut, New Jersey, and Pennsylvania), 2 Canadian provinces (Ontario and Quebec), 2 of the Great Lakes, and the Atlantic Ocean.

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Two upland regions dominate the New York landscape.  These are the Adirondack Mountains and the Appalachian Highlands.  The Adirondacks alone covers most of the northeast area or about ¼ of the total size of the state.  The surrounding area is covered with forest preserves and numerous lakes.  The whole state of New York account for other rugged mountains, forested national parks, around 8,000 lakes (both public and private), over 40,000 miles of rivers and streams, and a wide variety of charming cities as well as rustic small towns.

New York Real Estate Information

In 2002, official records show an estimated 7,754,508 housing units; 7,060,516 (91%) of which are occupied.  Around 41.9% of the units can be found in New York City (which is composed of 6 boroughs or counties).  There are an ample amount of houses of old-stock as 33% of the units were built before or during 1939 and 51% were between 1940 to 1979.  Statewide, 41.9% of the housing units are single-family, detached homes.  In contrast only 10% of the units in New York City are of these kind as 47.7% of the units are in form of buildings of 20 or more units.

Most real estate hunters consider the regional climates as a factor in purchasing.  Generally, New York has a mildly cold climate.  The growing or frost-free period varies from 100-120 days in the Adirondacks, Catskills, and higher elevations of the hills of southwestern New York to 180-200 days in Long Island.  There are actually 3 different climatic regions in the state: The southeastern lowlands have the warmest weather as well as the longest season between frosts; the Catskills and Adirondacks are characterized with cold winters and cool summers; and the Snow Belt along the Great Lakes which is one of the snowiest areas in the whole United States.  Buffalo is the windiest and one of the coldest cities in the state.

Tourism is one of the chief industries of New York with its countless attractions, both natural and man-made.  And although New York is commonly associated with tourism, commercial and industrial complexes, fashion, and cultural institutions, agriculture is also a thriving industry in the state, especially in the north, east, and southeastern lowlands.  The state’s agriculture thrives on dairy products, cattle and other livestock, vegetables, nursery stock, and apples.  Other popular industries of the state are manufacturing (scientific instruments, electric equipment, chemical products, etc.), printing, and publishing.

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