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Optimism grows among sellers, buyers

Sep 09, 2016
Consumers have a fairly optimistic 12-month outlook on housing at the end of the summer home-buying season, according to Fannie Mae Chief Economist Doug Duncan. The optimism is buoyed by confidence in the job market and more favorable expectations regarding their personal finances compared to a year ago. 
Fannie Mae’s Home Purchase Sentiment Index showed a slight upward trend overall during the spring and summer of this year. For the third consecutive month, the share of Americans who say now is a good time to buy a home rose 1 percentage point to 34 percent in August. The share of Americans who say now is a good time to sell dropped 5 percentage points from an all-time survey high in July to 15 percent.
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Empire State housing market stays hot in January

New York State home sales remained strong to start the new year with 8,698 closed sales, falling just shy of the 2017 record for January, according to the annual housing market report released by the New York State Association of REALTORS. The January statewide median sales price of $266,000 represented an increase of 8.4 percent from a year ago. Click here to read more.