Summary
Guesstimates by local Realtors in all counties concede the roof over the average home is probably worth what it was in 2002-2003, an inflationary time when New York City residents moving north because of the post-9/11 fear factor pushed the prices higher than would have occurred through natural progression in the marketplace.\n Community banks have mortgage money to lend, but have stuck to their traditional guns; while money is available, financial institutions want to know they have a "stable buyer" knocking at the door and many do not make the grade. The demand for mass transit, "walkable" communities (read "city-like" with plenty of green space) and demands by New Yorkers for a property tax cap, reformation of the Wicks law (the state's bidding process for publicly funded projects) and pleas to make the state more business friendly could all combine to make 2009 a year of profound transition.
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Extract
The Report Card
Coming on the heels of Pattern for Progress' daylong conference on housing at Marist College and news that consumer confidence is ebbing in reverse proportion to rising fuel costs, Marist's School of Management released its "2007 liconomic Report of the Hudson Valley" June 21.
While dozens of statistics and graphs were included in the 129-page summary of the state of the Judson Valley, prepared by Christy Huebner Caridi, head of Marist's Bureau of liconomic Research in the Schoo...See the full content of this document
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