Buying Plans for New York Residents Bottom Out

Siena Research Institute has published it’s monthly report on consumer confidence and the results revealed that fewer New Yorkers have plans to purchase a home than last year.  Only 2% of residents polled indicated that they have home buying plans.  The August 2010 2% figure is down 1.5% from 2009.  Furthermore, 2% marks the lowest percentage of those polled since Siena began tracking home buyer intentions.

Recent economic figures and sold homes data point to a slowing Ulster County real estate market the end of this summer.  It is still a great time to purchase a home in Ulster County with record low interest rates, motivated sellers and generous price reductions.

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