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.