Home Prices Rose Up to 36% in the Hudson Valley Last Year

In Brief – The median sales price of a home skyrocketed in the Hudson Valley during the COVID-19 pandemic. A new report from Hudson Valley Pattern for Progress quantifies how the migration of downstate residents fleeing the contagious confines of New York City has impacted the housing market. Sullivan County saw the median sales price…

columbia county real estate

Columbia County’s Housing Market Goes Ballistic

As COVID-19 erupted in New York City this March, its residents fled. Hundreds of thousands of city residents relocated to New Jersey, the Hamptons, Connecticut – and Columbia County. Demand for the county’s limited housing stock shot through the ceiling, leading to intense bidding wars, huge properties snatched up within hours of being listed, and…

Galvan Revamps Affordable Housing Project After City Rejects It

A nonprofit developer attempting to build an affordable apartment building in Hudson has made several changes to its proposal since it was dramatically voted down by the city’s Common Council July 21. The proposed development is meant to ameliorate the affordable housing crisis in the city, which has rapidly displaced long-term residents as Hudson gentrifies.…

Hudson Considering Moratorium on AirBnbs

Hudson is weighing whether to enact a moratorium on all new short-term rentals and may permanently limit the number of these rentals an individual can operate. The two measures were discussed by the city’s Legal Committee this week, and the Committee’s chair, Alderman John Rosenthal, is in discussions with the City Attorney about writing them…

Rent Stabilization is Coming Upstate. Will It Matter?

Rent Stabilization – long limited to New York City and certain communities in bordering counties – will be an option for Upstate New York municipalities after the democratic-led state legislature passed an omnibus bill dramatically changing how renting works throughout the state. Several Hudson Valley communities expressed interest in rent stabilization prior to the bill…

Brief Update: Exploring Hudson’s Assessment Mess

The Hudson Common Council voted again to throw out the city’s preliminary assessments during a meeting rife with insults, angry interruptions, gavel-banging, and a physical confrontation between a former and a current Common Council member. The resolution is the same as the legislation passed by the Common Council last week, but with a section specifically…