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2016 predicted to be housing’s golden year

Apr 01, 2016
Mortgage giant Freddie Mac has predicted that housing starts and home prices will reach their highest levels since 2006 this year. The main reasons behind its bullish forecast is low mortgage rates, an improving job market, and a gradual increase in housing supply. 
 
The 30-year fixed-rate mortgage is expected to remain very attractive through the spring home-buying season, while home sellers will be able to enjoy more home price increases. 
 
Learn more 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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