The Hudson Valley real estate market is constantly changing and evolving. Whether you are a homeowner looking to sell, a first-time homebuyer, or an investor, it's important to stay up-to-date on the latest trends. In this blog post, we will discuss the current state of the market and give our projections for where it is headed in the near future.

There has been a lot of talk in the news lately about a housing bubble. While it is true that prices in some areas of the country have been rising rapidly, experts are divided on whether or not this is a housing bubble. Some say that we are in the early stages of a housing bubble, while others say that the market has already begun to correct itself. Only time will tell what the future holds for the housing market.

The Feds have increased interest rates and this will certainly have an impact on the housing market, but will it cause it to crash? Let's go over a few variables that will influence the market conditions.

The inventory levels of homes for sale remain low.  This is especially true for entry-level homes. The combination of high demand and low inventory has resulted in bidding wars and rapidly escalating prices in many markets across the country.

The interest rates are still at historically low levels, but they have begun to rise. This will impact buyers who are on the fence about purchasing a home. If you're thinking about buying a home, it's important to get pre-approved for a mortgage before interest rates go up any higher.

Rising interest rates will also impact investors who purchase rental properties. As mortgage rates increase, the costs of owning rental property also increase. This could cause some investors to sell their rental properties and put their money into other investments.

Median sale prices continue to increase. Most recent statistics show that for Orange County, NY, median sale prices increased by 13.2% year over year (YOY). While the next 12 months growth may not be as high, it's still anticipated to increase.

As prices and interest rates rise, buyers become more conservative with their offers. Additionally, some buyers may be priced out of the market altogether.  Multiple offer scenarios may decrease as a result of the aforementioned.

As you can see, there are a lot of factors that can impact the market. It's important to stay up-to-date on the latest trends so that you can make informed decisions about buying or selling a home.

If you're thinking about buying or selling a home in the Hudson Valley, Premier Properties Sales Team can help. We are a team of experienced real estate professionals who are familiar with the local market. Contact us today to learn more!

Christopher Cammarata

Lic. R.E. Salesperson/Realtor and Team Leader of

The Premier Properties Sales Team at HomeSmart Homes and Estates

Call or Text:  845-420-4562

Email:  [email protected]

Visit me on the web @ www.ChrisCamm.com

Follow me on Facebook at www.fb.com/CPCamm

Meaghan Beck

Lic. R.E. Salesperson/Realtor

Call or Text:  845-770-7271

Email:  [email protected]