• Wappingers Office
    (845) 297 4700
    (845) 297 8178
  • Lagrange Office
    (845) 485 2700
    (845) 485 2703
  • New Paltz Office
    (845) 255 6163
    (845) 255 6757
  • Commercial Real Estate Division
    (845) 297 4700
    (845) 567 8333

CENTURY 21 Alliance Realty Group's Blog

A Day in New Paltz, NY - A Cool Village in the Hudson Valley

This is a fun video highlighting an amazing day in New Paltz.  We now have an office location here, and are enjoying the people and places more than ever before.  Spring is (almost) here, so plan to visit New Paltz some weekend soon.

Freddie Mac Expects 2015 Will Be Best in 8 Years for the Real Estate Industry

Freddie Mac economists and forecasters are expecting 2015 to be the best year for home sales and new home construction since 2007!

According to Freddie Mac's U. S. Economic and Housing Market Outlook for March, job market improvements have resulted in millenial generation, ages 25 to 34, now being 76.8 percent employed.

Freddie Mac economists predict that rents will rise at or above inflation this year, which will likely push more prospective buyers into home ownership. Rents are up nearly 11 percent over the last three years, according to Freddie Mac’s report.

They also expect that the 30-year fixed-rate mortgage will rise slightly this year to a 4 percent average. The 30-year fixed-rate mortgage averaged 3.86 percent this week.   

For more details, read the Freddie Mac March 2015 U.S. Economic and Housing Market Outlook.

Dutchess County NY Real Estate Market February 2015 - Single-Family Detached Homes

We looked at the real estate market statistics for single-family detached homes in Dutchess County for year-to-date February 2015 compared to the same period last year.  This is how they compare.

 Closed sales were up 4.5%.  

  ↔     The average sale price was about the same, with a slight uptick of .5%.

Last year it took an average of 152 days to get a home sold, and this year it was down to 136 days.