Plans to buy, renovate home bounce back in year

In May of 2009, only 3.0 percent of the 717 New York State residents polled by the Siena (College) Research Institute of Loudonville said they planned to buy a home.  Last month, that number rose to 4.7 percent.

Those results compare with 3.7 percent in May 2008 and 5.3 percent in May 2007, close to the height of the housing boom.  (Lehman Brothers imploded on Sept. 15, 2008.)

With respect to undertaking a major renovation, the numbers starting in 2007 were 20.6 percent, 16.9 percent, 13.8 percent and, this year, 17.8 percent.

The numbers do not completely correlate with the study’s index of consumer confidence, Continue reading

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