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SRI: Buying plans for homes up more than 10 percent in March

Apr 05, 2017
Buying plans for homes stood at 10.1 percent in March, up from 8.8 percent since the previous measurement in November 2016, according to Siena Research Institute’s Consumer Sentiment Index. Overall, the index was at 94.1, up 6 points from November. 

Dr. Doug Lonnstrom, professor of statistics and finance at Siena College and SCRI founding director, said home buying plans remain strong, with one in 10 New Yorkers planning to buy a house in the next six months.

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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.