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Urgency increases for first-time buyers

Apr 27, 2017
New buyers are gradually increasing their stake in the housing market. First-timers comprised 32 percent of existing-home sales in March, up from 30 percent a year ago and 29 percent in 2014, according to last month’s REALTORS Confidence Index. 

The looming threat of interest rate increases may be prompting more buyers to enter the market this year. Sustained job and income growth is also playing a role. 

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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.