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Big expectations for housing in 2016 according to REALTOR.com

Dec 03, 2015
Home sales are poised to reach the highest levels since 2006 next year, according to a 2016 housing forecast issued by REALTOR.com. Gains in new-home construction and existing home sales are both expected to push total home sales to the highest levels in years. Fueling the increase in total sales, REALTOR.com predicts three distinct segments of home buyers to dominate: older millennials (25 to 34 years old); younger Generation Xers (35 to 44 years old); and retirees (65 to 74 years old).
 
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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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