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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 housing market posts record first quarter home sales total

The New York State housing market’s growth trend continued through the 2017 first quarter with sales setting the high-water mark for the quarter at 25,366. Click here to read more.

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