Monthly Archives: August 2008

Ulster County Could Buy Flood Prone Homes

Under the Greater Catskills Flood Remediation Program, Ulster County has been allocated $2 million to purchase flood prone homes. 23 homes have been identified for the program, but funding will only allow for the purchase of 12. Local towns have participated in helping identifying homes and owners who might benefit from the program. To qualify, […]

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New Housing Bill Provides Incentive for Homebuyers in Ulster County

Under the new Housing Bill signed by President Bush, homebuyers can receive a credit of up to 10% of the purchase price of a new home if they have not purchased a home in the last three years. The maximum credit amount is $7500 for two individuals purchasing the home jointly. The credit applies for […]

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Decline in Ulster County Homes Sold and Median Price for July

Ulster County Real Estate data for July 2008 revealed a decrease of 21% in the number of homes sold compared to July 2007. The drop was much less than the 42% reduction seen in June. The median home price was 270,000–only 1.3% less than a year ago. The median price data indicates that although sales […]

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Assessor Begins Inspections for Saugerties Real Estate Revaluation

The Daily Freeman is reporting that the Assessor for the Town and Village of Saugerties has begun the process of inspecting the exterior of homes in order to update assessed values. Revaluations should be complete by the end of the year. There are approximately 9,400 properties to inspect. A common misconception is that when a […]

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Ulster County Foreclosure Rate Among Lowest in New York

A report prepared by the state Commission of Investigation indicated that Ulster County was ranked #18 among New York counties in the number of foreclosures for the first quarter of 2008. Ulster County had a total of 114 foreclosures, which represents only .8% of all foreclosures in New York. Downstate has been hit hardest by […]

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