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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 home sales reach second-highest October total

Home sales in the Empire State dipped slightly from one year ago, but still hit the second highest total on record for October. The 11,201 closed sales in October 2016 represents the second highest total for the month after the 12,003 sold in October 2015. Click here to read more.

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