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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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New York first quarter statewide home sales strong 
despite slide from record pace

With 25,192 closed sales across the Empire state in the first quarter, the housing market posted a strong start to 2018, even as it fell short of 2017’s record. The first quarter 2018 statewide median sales price of $260,000 represented an increase of 7.4 percent from a year ago. Click here to read more.

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