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Siena Research Institute: Real estate market remains strong, values seen to be increasing

Feb 03, 2014
According to the results of the fourth quarter New York State Consumer Real Estate Sentiment Scores released by the Siena Research Institute (SRI), New Yorker’s attitudes towards the real estate market remain positive.

The overall current sentiment score among New Yorkers in the fourth quarter of 2013 was 12, above the point where equal percentages of citizens feel optimistic and pessimistic about the housing market. It is down 5.7 points from the previous quarter.

Looking forward, the overall future sentiment score is 19.2, indicating that New Yorkers expect the overall real estate market and the value of property to increase over the next year. Consumers see now as an improved time to sell with a score above breakeven at 3.1, and simultaneously as a good time to buy, with a positive score of 6.8.

Click here to read the entire SRI press release.
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