Menu

NYSAR News

Latest News

NAR upgrades housing forecast for remainder of year

May 03, 2017
The housing market has been off to a roar this spring. In fact, the market is performing so strongly that the National Association of REALTORS has upgraded its forecast for the year. 

At the start of the year, home sales were expected to match last year’s pace due to higher mortgage rates and diminishing affordability. But the market is hardly slowing down, with NAR Chief Economist Lawrence Yun predicting existing-home sales to rise by 3.5 percent, and home prices to likely increase by 5 percent this year.

Click here to learn more. 
Featured Content

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.

NYSAR News