upstate new york housing crisis: Real estate update in Warren County, New York
- 10/30/08 01:56 PM
It's easy to imagine that Warren County's real estate market is depressed and suffering; after all, the evening news is loaded with negative soundbites from around the country and our local reporters are really no better. This morning , the president of our Waren County Association of Realtors , Mark Bergman, told a room of Realtors about his experiences with reporters this year. On 7 out of 10 interviews given this year, the reporter led with questions designed to support his story on our suffering real estate economy. " I understand that our foreclosure rate in the county has increased dramatically, could you elaborate a bit on that? … (0 comments)
upstate new york housing crisis: Is the housing crisis over in upstate New York?
- 08/10/08 11:31 PM
This is the big question that everyone is asking. I am a broker /owner of a small company located 40 miles north of Albany and about 10 miles south of Lake George--about midway between NYC and Montreal. I have always believed that our small company's activity level is a reflection of our entire region and that when our company is doing well, everyone is doing well and the reverse is also true. We had a weak start for 2008, with a dismal first quarter, but in May the business picked up substantially and June and July have been good months. Our … (0 comments)
upstate new york housing crisis: Has Upstate New York Escaped the Housing Crisis?
- 05/29/08 02:04 PM
In December of 2007, I was telling my clients that our region was not affected by the housing crisis, as I have not been aware of any speculative investing during the past 5 years and 99% of the buyers I have served, utilized 30 year fixed mortgages for their financing. I felt that the sluggishness of our market and our bloated inventory was a direct result of the constant barrage of negative news articles fed to our population on the Nightly News, which left consumers staring into the heavens waiting for the sky to fall -- hundreds of houses going into foreclosure and being … (7 comments)
It's easy to imagine that Warren County's real estate market is depressed and suffering; after all, the evening news is loaded with negative soundbites from around the country and our local reporters are really no better. 
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