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REALTOR.com: Expect a strong spring housing market

Mar 01, 2016
Recent housing and economic reports predict we’ll see solid spring home sales, according to Jonathan Smoke, REALTOR.com’s chief economist. Sales are taking longer to close, due to new mortgage rules that took effect last fall, but the pace of sales is growing.
 
Smoke predicts that the latest job employment growth should translate into a 3-percent boost to home sales this year and that low mortgage rates are improving home buyer affordability. 
 
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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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