Menu

NYSAR News

Latest News

RealtyTrac: Rochester, Capital Region lead national housing market recovery

Aug 19, 2013

In its first Housing Market Recovery Index, RealtyTrac placed two New York State housing markets in the top three national metro housing markets “leading the real estate recovery.”

Rochester and the Albany-Schenectady-Troy metro markets ranked first and third, respectively, among national housing markets. The ranking was based on seven factors including unemployment rate, percentage of underwater loans, foreclosure activity percentage change from peak, distressed sales percentage of total sales, institutional investors share of total sales, cash purchases share of total sales, and median home price percentage change from bottom. The factors were indexed for each market with national averages as a baseline, and all seven indexes were averaged to calculate a total recovery index.

The Buffalo-Niagara metro ranked 22nd, while the Poughkeepsie-Newburgh-Middletown market ranked 31st. New York-Northern New Jersey was ranked number 68 on the 100-market list.

To read the entire report, click here.
Featured Content

Home sales near record high in November

There were 10,719 closed home sales across New York State during November, representing the second-highest total on record for the month. The November sales record of 10,991 was set in November 2016. The statewide median sales price grew by 5.8 percent in November compared to last November. Click here to read more.

NYSAR News