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REALTOR.com: Expect a strong spring housing market

Mar 01, 2016
Recent housing and economic reports predict we’ll see solid spring home sales, according to Jonathan Smoke, REALTOR.com’s chief economist. Sales are taking longer to close, due to new mortgage rules that took effect last fall, but the pace of sales is growing.
 
Smoke predicts that the latest job employment growth should translate into a 3-percent boost to home sales this year and that low mortgage rates are improving home buyer affordability. 
 
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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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