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House Tax Proposal will harm many New York homeowners

Nov 02, 2017
Statement from NYSAR CEO Duncan R. MacKenzie
“Our initial read of the House tax proposal released today is that it will harm many New York homeowners. It will lessen the value of the property tax deduction and it cuts a host of other key housing-related tax incentives. New York’s REALTORS® urge the seven GOP House members from New York who voted with homeowners last week to continue to resist this tax reform proposal.  We will have additional comments upon a thorough reading of the bill.”
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Empire State housing market stays hot in January

New York State home sales remained strong to start the new year with 8,698 closed sales, falling just shy of the 2017 record for January, according to the annual housing market report released by the New York State Association of REALTORS. The January statewide median sales price of $266,000 represented an increase of 8.4 percent from a year ago. Click here to read more.