Is there good news on the horizon for Dutchess County homeowners? Two mortgage representatives told me this week in separate conversations that the Dutchess County area is no longer deemed a declining market by the lenders they work for. One rep was specific to state that the term being used now to describe the local market is "soft."
I don't think we'll see any robust changes in the near future. Up until now Dutchess County had been considered a declining market for the last 18-24 months. It may remain soft for some time., but this is a little better than declining. Have we hit bottom? Will the market turn around? Nobody has a crystal ball to really know for sure.
All I can say is that I have the statistics to back up what I was told. Something is changing and I think it's for the good, at least for homeowners. and perhaps not so good news for buyers still sitting on the fence. Click here to take a look at the market summary I posted a few days ago. Poughkeepsie Area Market Overview .
Soft sounds is much better than declining. Perhaps the word will get out and people will be encouraged a bit.
Carol
That good news, your market in headed in the right direction.
Good luck and success.
Lou Ludwig
Maybe "soft" Carol is one rung up the ladder from declining, so that is a positive.