While most local municipalities have been slow to respond to the dire need for growth in their communities, this summer Governor Kathy Hochul rolled out the next major initiative of the New York Housing Compact—a plan she introduced last year to incentivize the building of 800,000 new homes in New York over the next decade.
The past few years have been a rocky time for the housing market in the Hudson Valley, to say the least. With this year’s record high interest rates for mortgages and homes still listed at double or triple what they last sold for, the market doesn’t seem to be offering many solutions.…[ Read more ]