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REALTORS Support Governor's Proposal to Cut Closing Costs

Jan 21, 2014
Statement from New York State Association of REALTORS Chief Executive Officer Duncan R. MacKenzie

Governor Cuomo’s proposal to reduce the upfront costs of buying a home is welcome news to New Yorkers who can afford the ultimate mortgage expense, but are forced to the sidelines because they are unable to pay for the transaction costs. When all taxes and fees are combined, New York State consistently leads the nation in highest total closing costs. His proposal to reduce title fees, in conjunction with his plan to freeze property taxes, gives new hope to those seeking the many benefits of homeownership.
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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.

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