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Survey shows rising rates won’t stop young buyers

May 23, 2017
According to the latest Berkshire Hathaway HomeServices quarterly Homeowner Sentiment Survey, consumers are optimistic about both the U.S. economy and the real estate market. Sixty-eight percent of prospective homeowners aged 18-34 say they are experiencing a sense of urgency to buy a home before mortgage rates rise, and one in five say they have a desire to by now. 

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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.