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Three New York State housing markets top affordability charts

Feb 16, 2017
Buffalo-Cheektowaga-Niagara Falls, NY and Syracuse, NY both ranked in the top five affordable major housing markets in the country according to the most recent National Association of Home Builders (NAHB)/Wells Fargo Housing Opportunity Index (HOI). Binghamton, NY ranked in the top smaller housing markets. 

According to the index, shortages of buildable lots and skilled labor, along with excessive regulations, rising mortgage interest rates and ongoing home price appreciation pushed housing affordability in the fourth quarter of 2016 to its lowest point since the third quarter of 2008. 

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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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