Real Estate Highs and Lows in the Hudson Valley

Goshen, NY – The huge increase in prices and tendencies towards overvaluation have contributed to what many are referring to as a real estate "bubble" and fears that the housing market may collapse. In part two of our week-long look at real estate in the Northeast region, we focus on the Hudson Valley, where realtors report a steadily growing market. They cite some spikes in certain regions over the past 10 years. Homes are said to be overpriced in certain counties. Now, some areas are seeing small dips, while other areas report increases in price and number of sales. WAMC's Hudson Valley Bureau Chief Deborah Runcie has more.