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Real estate firms remain confident

Aug 10, 2015
The recently released National Association of REALTORS "Profile of Real Estate Firms" report found that 95 percent of all firms are expecting their net income to either increase or stay the same in the next year. The typical residential real estate firm's brokerage sales volume was $5.6 million in 2014, while the typical commercial firm's brokerage sales volume was $4.4 million. Forty-four percent of firms are actively recruiting new agents. Among the biggest challenges they expect to face in the next two years were profitability, keeping up with technology, having sufficient property inventory and the inability of Millennials to purchase homes. Read the complete study 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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