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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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Home sales near record high in November

There were 10,719 closed home sales across New York State during November, representing the second-highest total on record for the month. The November sales record of 10,991 was set in November 2016. The statewide median sales price grew by 5.8 percent in November compared to last November. Click here to read more.

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