Housing Resources receives $250K to rehab, resell properties
HUDSON–The recession has taken its toll on this region, but a new report from the Brookings Institution confirms what local real estate experts have said from the beginning of the economic downturn, that the home foreclosure rate in the Capital Region is low by national standards.
But the housing market has not escaped altogether, especially poorer neighborhoods. “We certainly have our share of abandoned and vacant homes,” Hudson Mayor Rick Scalera said this week. He said in some places neighborhoods are interrupted by several unoccupied homes in a row.