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Choose Albany Fund Without Funds (for now)

Last week I wrote about the great Choose Albany program, which offers up to a $15,000 loan for homebuyers in the city of Albany towards the purchase of a Albany home. As of today, the Choose Albany no longer has funds. However, according to the City Department of Development and Planning, the City hopes to have more […]

Local Real Estate Market Thaws Early – January Data Encouraging

Local Real Estate Market Thaws Early – January Data Encouraging

As I do every month, I have taken the time to offer my analysis of the latest Capital Region Real Estate numbers. Although unemployment remains high at 8.3% and many are still struggling in the current economy, some leading economic indicators point to progress. My focus is on Saratoga and Albany Real Estate, but these […]

Albany Real Estate: Foreclosure Crisis & Gov’t Response

This is a fascinating chart from the Wall Street Journal. We’ve known for awhile the Albany NY real estate market has been relatively insulated from the home foreclosure crisis. New York’s foreclosure rate is roughly 10% of the current homes for sale. By comparison, one of the worst states is Nevada – 50% of all homes for sale are […]