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Real estate firms remain confident

Aug 10, 2015
The recently released National Association of REALTORS "Profile of Real Estate Firms" report found that 95 percent of all firms are expecting their net income to either increase or stay the same in the next year. The typical residential real estate firm's brokerage sales volume was $5.6 million in 2014, while the typical commercial firm's brokerage sales volume was $4.4 million. Forty-four percent of firms are actively recruiting new agents. Among the biggest challenges they expect to face in the next two years were profitability, keeping up with technology, having sufficient property inventory and the inability of Millennials to purchase homes. Read the complete study here.
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Empire State home sales set record in August

Homes sold at a record-setting pace across New York State during August with 13,912 closed sales. The previous record was 12,938 closed sales in August 2007. The statewide median sales price increased 3.8 percent compared to August 2015. Click here to read more.