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Siena Research Institute: New Yorkers see strong and stable real estate market

Oct 23, 2013
According to the results of the third quarter 2013 New York State Consumer Real Estate Sentiment Scores released by the Siena Research Institute (SRI), for the second consecutive quarter, New Yorkers' view of the real estate market is strongly positive and the expectation is that the market is here to stay. 

The overall current Real Estate Sentiment score among New Yorkers in the third quarter of 2013 is 17.7, above the point where equal percentages of citizens feel optimistic and pessimistic about the housing market and it is up 4.2 points from last quarter. 

Looking forward, the overall future Real Estate Sentiment score is 24.8, down from 29.6 last quarter, indicating that New Yorkers expect the overall real estate market and the value of property to increase over the next year. Consumers see now as an improved time to sell with a score above breakeven at 12.2, and simultaneously as a very good time to buy with a positive score of 12.5.

“Right now, New Yorkers say that real estate is a winner,” said SRI Director Don Levy, Ph.D.

To read the entire SRI press release, click here.
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