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First-time buyers expected to fuel '17 market

Oct 20, 2016's Active Home Shopper Report predicts that the number first-time homebuyers will surge in 2017, possibly as high as 52 percent. The report is based on survey data from buyers who plan to purchase homes in the spring or summer of 2017. A greater demand for suburban homes is also predicted by Chief Economist Jonathan Smoke said, "With so many first time buyers in the market, competition will be even fiercer next year for affordable starter homes in the suburbs. Those looking to buy may want to consider a winter home purchase in order to avoid bidding wars and higher prices spurred by a potential increase in millennial buyers."

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New York first quarter statewide home sales strong 
despite slide from record pace

With 25,192 closed sales across the Empire state in the first quarter, the housing market posted a strong start to 2018, even as it fell short of 2017’s record. The first quarter 2018 statewide median sales price of $260,000 represented an increase of 7.4 percent from a year ago. Click here to read more.