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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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New York State home sales up 11 percent through first three quarters of 2016

The Empire State’s housing market has posted an 11-percent jump in home sales though the first nine months of 2016 compared to the same period in 2015.The year-to-date statewide median sales price grew 3 percent compared to last year. Click here to read more.