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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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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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