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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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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.