Link Round Up

The weekly link roundup is a collection of links related to Newburgh, revitalization, urban planning and anything else that might inspire change or create dialogue. Photo by NR Flickr pool user Brian Wolfe.

Should I Buy This Old House? [HOB]
Caffee Macchiato still Newburgh’s best little cafe [PJ]
Home sales up on west side of Hudson, down on east side [MHN]
Old Korean Industrial Neighborhood Makes a Comeback [GBS] (Video)
Craft beer’s big impact on small towns and forgotten neighborhoods [Curbed]

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One Comment

  • bs on the house sales narrative. From their own data…on a historical level, CLosed sales relative to inventory says something is amiss. Inventory is way above the ‘bubble’ years yet closed sales remain below. The Closed/Pending ratio is below as well. Demand may exist but it is above what people can pay…the housing ‘affordability’ index does not account for individual debt/income ratios.
    As per the ‘Burgh…according to City records, single family home sales were down approx. 16% yoy, multi-family sales were up 28%. As well, the City’s P&D dept. recently cited an upsurge in its foreclosure of single family houses. Perhaps all the reports of an ‘urban migration’ and a growing renter population are playing out and the ‘Burgh is a better reflection of reality than realtor mantra. Should this trend continue, Newburgh’s assessor will probably rely more on the Non-homestead sector, aka rentals and small businesses to meet the City’s budget. This year marked a turning point since the recession began in that regard, as assessments were, for the most part, up in the South/S.E ends (the West end and Nobro have seen greater increases in assessment values for several years to date). Interestingly, the newer houses on E. Parmenter seem to be outliers, by and large, as their assessments continue to fall and maintain their ‘affordability’…