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Westchester, Long Island Now 'Overvalued Housing Markets' Following Pandemic Boom, Report Says
Homes in some parts of downstate New York are being considered “overvalued” amid the current housing bubble, according to a new Fortune Magazine report.
Fortune studied home price growth, which is wildly outpacing income growth across the country, with different areas across the US considered “overvalued," “undervalued,” or "normal."
Specifically, in downstate New York, both Suffolk and Nassau counties, as well as Westchester have been listed as being "overvalued," the report states. Other counties upstate also earned the distinction, while markets in the rest of the state have remain…
New York Times Describes Mount Kisco As Affordable, Walkable, Multicultural
Unlike some nearby communities, Mount Kisco is ethnically diverse, having attracted immigrants from Italy, Ireland and, more recently, Latin America.
The bustling northern Westchester County village was profiled this week in The New York Times.
In the article titled, "Affordable, Walkable and Multicultural," the Times wrote: "Good schools, check. Train station no more than an hour’s commute from Manhattan, check. Proximity to parks and forests, check."
According to the Times, Mount Kisco’s housing stock serves a spectrum of income levels and stages of life.
Nearly h…