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Optimism grows among sellers, buyers

Sep 09, 2016
Consumers have a fairly optimistic 12-month outlook on housing at the end of the summer home-buying season, according to Fannie Mae Chief Economist Doug Duncan. The optimism is buoyed by confidence in the job market and more favorable expectations regarding their personal finances compared to a year ago. 
 
Fannie Mae’s Home Purchase Sentiment Index showed a slight upward trend overall during the spring and summer of this year. For the third consecutive month, the share of Americans who say now is a good time to buy a home rose 1 percentage point to 34 percent in August. The share of Americans who say now is a good time to sell dropped 5 percentage points from an all-time survey high in July to 15 percent.
 
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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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