The Federal Reserve has announced that they will cut key interest rates by a quarter percentage point on Wednesday, this puts average mortgage interest rate at around 6.25% or lower.

A reduction of the key interest rate will be a welcomed by those individuals holding adjustable rate mortgages, home equity loans and lines of credit, additionally anyone with an any loan or credit card with a rate based on prime will see a change. It is possible that we may see may people choosing to refinance their current home.

So what does this all mean to our home buyers, sellers in the Albany, NY real estate market?

Cutting interest rates will make the thought of buying a home more attractive, these attractive rate combined with a nice selection of Albany homes on hand, the Falvey Real Estate Group can help you find a great home, and team up with our Capital district mortgage partner First Rate Funding you can have that home at an exceptional home loan rate.

People selling their homes will experience a renewed interest, and the spring and summer real estate season should prove to be active with many new buyers entering the market, attracted by these great new interest rates.

Don’t Wait too long

For those of you who think that you may want to wait it out until interest rates go lower, think again. The Fed has stated that it will slow or be stopping rate cuts, and that rates may even rise slightly to curb inflation, so the time is not 3 months from now but now, don’t let this pass you by.

If you have any questions about the real estate in our Albany area, looking for a new home or selling one contact one of our real estate agents, our friendly staff is always there to help, call 518-452-3912 or fill out our short contact form.

Looking for a beautiful colonial? The Dutch settled in New York in the 1600’s and left a rich heritage with beautiful architecture including many Dutch colonial style homes which are characterized by gambrel roofs having curved eaves, it is also good to note that many believe that this style of home may be an influence of German or “Deutsch” settlers or a reflection of both German and Dutch Flemish roots.

Albany itself was built on the site of the Dutch Fort Orange and a fur trading community named Beverwyck, which was later acquired by the English in 1664. Beverwyck was renamed to Albany in honor of James II, Duke of Albany.

Many Dutch settled in New York because of Henry Hudson, an English mariner who was sent by the Dutch to explore the river we know now as the Hudson River. By opening up the Hudson Valley to Dutch Settlers, we see today a rich heritage of Dutch traditions like the Albany Tulip festival, and similar tulip festivals that happen all around the United States, Canada and even in England.

Below is an Example of a Dutch Colonial that is located Right here in Albany.

All over the Capital District; Albany, Saratoga, Colonie and surrounding cities, there are an abundance of beautiful ranch style homes, many that are on the market.
What exactly is a ranch home?

Ranch homes are a truly American architecture style popularized during the urbanization of the U.S. during the 1940’s - 1970’s. There are many different shapes but the majority of ranch style homes share common characteristics.

These are a few of the characteristics that have become the markers of a ranch style home.

• Low roof lines
• Asymmetrical, rectangular of L or U shaped design
• Attached Garage
• Sliding Glass doors
• Open Floor Plans
• Brick, wood and often stucco exteriors

If you remember the Brady Bunch house, that is a great example of a ranch style home. Typically new or updated ranch homes in the Albany area will have replaced the old exteriors with vinyl siding, but many remain with their full beauty and style intact.

This property is for sale, view property details.

If you are looking for a Ranch Style Home contact our Albany Real Estate office: 518-452-3912 or by cell phone 518-339-5317, email Owner/Broker Chris Falvey at: cfalvey@falveygroup.com or use our real estate contact form.

Welcome to the Falvey Real Estate Group website! Here you will find up to date listings of all our properties, both commercial and residential. Please feel free to contact us with any questions you may have.

The Falvey Real Estate Group proudly offers:

Residential Real Estate

Albany NY’s Premier Real Estate Brokerage, Falvey Real Estate Group is proud to offer the finest new residential real estate construction communities and the best in residential home resale opportunities in the Capital Region. Our team of professional’s can assist you in buying or selling homes in the greater Albany NY Real Estate market; Saratoga Springs, Colonie, Schenectady, Albany NY and surrounding areas. The Falvey Real Estate Group’s team of Realtors are recognized experts in the areas of Real Estate pricing, marketing and service. We are proud to offer these current residential property listings.

Commercial Real Estate

Falvey Real Estate Group, Ltd. is an Albany NY commercial real estate brokerage specializing in the sale and lease of office and industrial space, multi-family property sales and commercial Real Estate land and development transactions. Our team of NY Capital Region experts take the big picture approach to the task at hand, are well versed in tenant and landlord representation and have a proven track record of successful commercial real estate transactions. In addition to traditional brokerage we have worked on a variety of fee-based projects, consulted on development projects and assisted non-real estate professionals in valuation matters.