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Spike in renters looking to buy

Jun 28, 2017
A surge in renters are ready to make the leap into homeownership. According to a new TransUnion analysis on the U.S. rental market, 55 percent of those who actively shopped for a mortgage in the first quarter of 2017 were non-homeowners and primarily renters. This is up from 50 percent in the first quarter of 2016, and 45 percent in the first quarter of 2015.

The report shows that millennials’ interest in homeownership is continuing to grow, with 29 percent of non-homeowners who have shopped for a mortgage in 2017 coming from the millennial age range.

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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.