Why It's A Good Time To Buy And Sell A Home In The Hudson Valley

The Hudson Valley real estate market has fared much better than in many other parts of the country, emphasizing what a great place this is to live and invest in a home.

This unique market creates great opportunities for both Hudson Valley home buyers and home sellers.

This week's average mortgage rate on a 30-year fixed-rate mortgage, reported on Freddie Mac's website, is 2.81%, which is at record lows. At that rate, for an average $300,000 mortgage, the monthly principal and interest payment would be $1,234, which is well within the housing budget of many families. Low rates mean lower monthly payments for buyers, who can now afford more house for their money. These record low borrowing rates have strengthened the housing market in the Hudson Valley, and around the nation.

Although home prices have continued to appreciate, the growth has been incremental. Combined with the low interest rates, we believe we will see a housing market equilibrium that has not been seen in many years.

In spite of the higher prices, there are still good values out there for buyers. What buyers should do is stay informed of new properties coming on the market and watch what homes are selling for in the areas they want to live. This will help them recognize a good opportunity when they see one. 

Increased buyer demand and limited supply have created the perfect scenario for home sellers in the Hudson Valley. Home prices are higher and homes are selling faster. In order to get the home they want, buyers are having to make realistic offers, and because they are competing with other buyers for the same home, there is less room to negotiate. In this environment of low rates and low inventory, a well-priced property will sell very quickly, with many homes receiving multiple offers.

Pent-up buyer demand and a later-than-usual hot market make it a great time to sell. 

We would like to help you make informed buying and selling decisions. Please give us a call at 845-297-4700 or use our contact form for assistance.

We have been helping Hudson Valley home buyers and sellers achieve their goals for over 25 years.