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Tech, inventory and competition lead list of top challenges for firms

Aug 29, 2017
The National Association of REALTORS 2017 Profile of Real Estate Firms survey found that keeping up with technology, inventory levels, non-traditional competition and profitability are among the biggest challenges for real estate firms.

Against this backdrop and for the third year in a row, a vast majority of firms are optimistic about the future. While muted compared to last year, firms remain confident and expect profitability to stay level or increase over the next year. 

Read more here.
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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.