Election, interest and the NAR settlement: Uncertainty defines the current Hudson Valley real estate market – Times Union

The Hudson Valley real estate market is currently facing uncertainty due to the upcoming election and the NAR settlement. Potential buyers and sellers are unsure of how these factors will impact the market. The National Association of Realtors (NAR) recently reached a settlement regarding antitrust concerns, which could potentially affect the way real estate transactions are conducted in the future.

The uncertainty surrounding the election adds another layer of complexity to the market. Buyers and sellers are hesitant to make major decisions until they have a clearer picture of how the election results will impact the economy and the real estate market.

Despite the uncertainty, experts suggest that now may still be a good time to buy or sell in the Hudson Valley. Interest rates remain low, making it an attractive time to secure a mortgage. However, potential buyers and sellers should proceed with caution and consult with a real estate professional to navigate the current market conditions.

Overall, uncertainty defines the current state of the Hudson Valley real estate market. It is important for both buyers and sellers to stay informed and seek guidance from experts to make informed decisions in this uncertain environment.