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NAR: Housing has ‘best quarter in nearly a decade’

Nov 13, 2015
Home prices are showing signs of slowing to a healthier pace, according to the National Association of REALTORS’ (NAR) latest quarterly housing report. In fact, Lawrence Yun, NAR’s chief economist, said there is no question the housing market in the third quarter had its best quarter in nearly a decade.
 
“The demand for buying picked up speed in many metro areas during the summer as more households entered the market, encouraged by favorable mortgage rates and improving local economies,” Yun says. “While price growth still teetered near or above unhealthy levels in some markets, the good news is that there was some moderation despite the stronger pace of sales.”
 
To read the entire NAR press release, click here
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Empire State home sales stay at elevated level during April

Against the backdrop of fewer homes on the market, homebuyers in New York State closed 8,640 sales during April, falling only 2.6 percent from April 2017. The median sales price growth trend continued, increasing by nearly 12 percent compared to last April to reach $260,000 for the month. Click here to read more.

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