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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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August sales fall just short of 2016 record

August home sales were strong across the Empire State, setting the second-highest total on record for the month at 14,174 units. The statewide median sales price growth trend continued in August, posting a 6.9-percent increase compared to August 2016. Click here to read more.

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