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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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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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