The housing affordability index (HAI) basically measures whether a typical family can qualify for a mortgage loan on a typical home at the prevailing interest rate with a 20% down payment.
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.
Real estate sales and new construction in the Mid-Hudson Valley started 2020 with a bang, then came to a screeching halt in March as real estate brokers were unable to show homes and residential co