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NY REALTORS launch NY First Home Campaign

May 16, 2016
NYSAR has launched a public campaign to support its NY First Home proposal to make buying a first home more affordable in New York State. The program would allow individuals to put away up to $5,000 ($10,000 for couples) per year in a designated savings account to be used solely for costs associated with the purchase of a first home. These funds would be deductible on state personal income taxes, and the principal and any gain would be tax free. The NY First Home campaign will be calling on members and the public to take action by contacting legislators to support and pass this proposal into law. Online ads, a mailer and phone calls will drive support. Learn more at www.NYFirstHome.com
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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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