New York Fed Presents an Update on Regional Economic Conditions; Highlights Less Severe Regional Housing and Employment Conditions than in Other Parts of the Nation

NEW YORK, NY – October 21, 2010 – (RealEstateRama) — The Federal Reserve Bank of New York today presented an update on the region’s economic conditions, noting a varied pace of recovery—with New York City and parts of New York State recovering more rapidly than many other parts of the nation, and New Jersey and Puerto Rico lagging the nation