Latest News

NAR: Pending home sales decline modestly in November

Dec 31, 2015
Pending home sales in November slightly declined for the third time in four months as buyers continue to battle both rising home prices and limited homes available for sale, according to the National Association of REALTORS (NAR).
The Pending Home Sales Index, a forward-looking indicator based on contract signings in November, decreased 0.9 percent to 106.9 from an upwardly revised 107.9 in October. Although the index has increased year-over-year for 15 consecutive months, last month’s annual gain was the smallest since October 2014. 
In the Northeast, the index fell 3 percent to 91.8 in November, but is still 4.3 percent above a year ago.
To read the entire NAR press release, click here
Featured Content

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.