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NAR: Housing has ‘best quarter in nearly a decade’

Nov 13, 2015
Home prices are showing signs of slowing to a healthier pace, according to the National Association of REALTORS’ (NAR) latest quarterly housing report. In fact, Lawrence Yun, NAR’s chief economist, said there is no question the housing market in the third quarter had its best quarter in nearly a decade.
 
“The demand for buying picked up speed in many metro areas during the summer as more households entered the market, encouraged by favorable mortgage rates and improving local economies,” Yun says. “While price growth still teetered near or above unhealthy levels in some markets, the good news is that there was some moderation despite the stronger pace of sales.”
 
To read the entire NAR press release, click here
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New York State home sales set second quarter record

The New York State housing market set a record high for second quarter home sales, reaching 32,444 homes sold. The second quarter statewide median sales price of $245,000 represents an increase of 6.5 percent from the 2016 second quarter. Click here to read more.

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