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Homebuyer confidence on the rise

Aug 12, 2016
Home purchase sentiment reached an all-time survey high in July, an indication that Americans are feeling more upbeat about the housing market, according to Fannie Mae. The share of consumers who said they would buy if they were going to move climbed to 67 percent, while the share of consumers who said they would rent dropped to 26 percent, an all-time survey low. 
 
Forty-one percent of consumers expect home prices to rise over the next 12 months, an increase of eight percentage points from June. Household income rebounded in July as well, rising 3 percentage points to 11 percent. 
 
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New York statewide home sales remain strong in February

The New York State housing market continued to post solid numbers in February, reaching 7,328 closed sales despite a 6.2-percent decline from February 2017. The February statewide median sales price of $260,000 represented an increase of 8.8 percent from a year ago. Click here to read more.

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