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SRI: Home buying plans up in July

Aug 07, 2013
According to the latest poll by the Siena Research Institute (SRI), New York State consumer home buying plans were up 0.5 points to 4.6 percent in July. Overall, New York State consumer confidence fell 3.3 points, while the nation’s confidence rose 1 point. At 75.4, New York’s overall consumer confidence is 9.7 points below the nation’s confidence level of 85.1.

Buying plans were also up for cars/trucks. Buying plans were down for furniture and home improvements. SRI has stopped asking respondents about their intent to purchase “computers” and changed to asking about “consumer electronics” like a personal computer, cellphone, television or tablet. While intent to purchase computers has of late been approximately 15-17 percent, SRI found New Yorkers intend to purchase consumer electronics over the next six months at a rate of 35.5 percent.

To read the entire SRI press release, click here.
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NYS home sales post second-highest May total

Homebuyer activity remained strong in May, driving the New York State housing market to the second-highest sales total for the month with 10,348 closings. May 2018 closed sales were 8.6 percent lower than the record of 11,322 set in May 2017. The median sales price growth trend continued, increasing by 11.5 percent compared to last May, ending the month at $262,000. Click here to read more.

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