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Siena Research Institute: Real estate market remains strong, secure

Apr 17, 2014
According to the results of the first quarter 2014 New York State Consumer Real Estate Sentiment Scores released by the Siena Research Institute (SRI), New Yorker’s attitudes towards the real estate market remains strong. 

The overall current sentiment score among New Yorkers in the first quarter 2014 was 11.2, above the point where equal percentages of citizens feel optimistic and pessimistic about the housing market. It is down 0.8 points from the previous quarter. 

Looking forward, the overall future sentiment score is 21.5 (up from 19.2 last quarter), 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 9.6 (up 6.5 from last quarter), and simultaneously as a good time to buy with a positive score of 1.8. 

Click here to read the entire SRI press release.
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