PHEW

In a longer article about slumping national home sales, finally a nugget that made me feel better:

Q. How is demand for your houses in New Jersey?

New Jersey is not one of our best states today; it's not one of our worst states. It's somewhere in the middle. The things that are very close to New York City are doing well. As you get further out, it gets less of the benefit of New York City. New York City is driven a lot by the financial industry, and they've had a fabulous couple of years.