Hudson Valley draws more NYC transplants

Buoyed by new (and hip) residents, area sees an increase in sales activity

From the October issue:

The Hudson Valley

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For all the ink spilled over the ever-higher prices commanded by the residential real estate market in New York City, less attention has been paid to another segment of the population: those who have left in search of lower rent and more living space. Enter the Hudson Valley, the area north of Westchester along the Hudson River.

As The Real Deal and others have reported, the once-depressed Hudson Valley — which includes Dutchess, Orange, Ulster, Greene and Columbia counties — has become an increasingly popular choice for young professionals opting out of the pricey real estate markets in Manhattan and Brooklyn. [more]