The Siena Research Institute published its latest poll which reports on which items New Yorkers plan on purchasing in the near future. Two of the areas of focus for the study are home buying plans and plans for major home improvement projects.
The December results were very encouraging as they relate to Real Estate. In December 2010, 4.5% of those polled had plans to purchase a home in New York. That represents a .5% increase from December 2009 and is the highest percentage reported out of the last four years. Plans for major home improvement project were up a pinch from 14.4% in 2009 to 14.5% in 2010. I would be curious to see how sentiment varied in the different regions in New York state or by county, but unfortunately that kind of data doesn’t appear to be available. This poll offers hope, but it will be interesting to see how things unfold during the 1st Quarter of 2011 in terms of homes sold in Ulster County.