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NAR annual survey reveals notable decline in first-time buyers

Nov 03, 2014
The share of first-time buyers fell to its lowest point in nearly three decades, according to the 2014 National Association of REALTORS’ Profile of Home Buyers and Sellers. The survey additionally found that an overwhelming majority of buyers search for homes online and then purchase their home through a real estate agent. 

NAR Chief Economist Lawrence Yun said there are many obstacles young adults are enduring on their path to homeownership. Rising rents and student loan debt can make saving for a downpayment more difficult. 

To learn more about the survey from NAR, click here.
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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.