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Big expectations for housing in 2016 according to REALTOR.com

Dec 03, 2015
Home sales are poised to reach the highest levels since 2006 next year, according to a 2016 housing forecast issued by REALTOR.com. Gains in new-home construction and existing home sales are both expected to push total home sales to the highest levels in years. Fueling the increase in total sales, REALTOR.com predicts three distinct segments of home buyers to dominate: older millennials (25 to 34 years old); younger Generation Xers (35 to 44 years old); and retirees (65 to 74 years old).
 
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Empire State home sales set January record

The home sales growth trend continued in New York State during January with the 8,472 closed sales setting a new high-water mark for the month. The January statewide median sales price of $250,000 represents an increase of 8.7 percent from a year ago. Click here to read more.

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