The Albany NY housing market has remained fairly immune from the high foreclosures rates and declining prices faced by many areas of the country. This is due to a variety of factors in my opinion including the lack of speculation seen in other markets and the fairly stable state work force. Sure I have seen homeowners that are starting to take some hits on values of high end homes no question about it. However, overall the Albany market has held up far better then other areas of the country. In an article published on 1/7/09 by Forbes, Albany was named one of the top 25 strongest housing markets in the country. This basically reiterates what I have been telling my clients for months To read the story click America's 25 Strongest Housing Markets by Deborah Orr
Have questions about what is going on in the housing market? Visit me anytime at Albany New York Real Estate
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