The doom and gloom of national headlines on the topic of real estate justify the expectation that the real estate market should be tanking. But so far prices have largely held in, thanks to fundamental underpinnings to The Catskills and Hudson Valley economy that have shifted in recent years, most obviously during the pandemic. It’s worth exploring these factors because buyer expectations of a bubble burst may be misplaced or over-estimated.
Read MoreIn this upended world where every day is a month, my last post two-and-a-half weeks ago appears to have been more of a hunch, while now I have at least some stronger anecdotal evidence to cull from, regarding the coronavirus’s impact on the second home market in The Catskills and Hudson Valley.
Read MoreWhen we’re free in the world once again, will the feeding frenzy of recent years be even more frantic, or will the bottom drop out leaving only the sound of crickets? I do have a strong sense of optimism about the real estate market in The Catskills and Hudson Valley, however, borne out of anecdotal feedback from our second home buyers including what their current general frame of mind is, as reflected in emails and my little Instagram survey.
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