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House Tax Proposal will harm many New York homeowners

Nov 02, 2017
Statement from NYSAR CEO Duncan R. MacKenzie
“Our initial read of the House tax proposal released today is that it will harm many New York homeowners. It will lessen the value of the property tax deduction and it cuts a host of other key housing-related tax incentives. New York’s REALTORS® urge the seven GOP House members from New York who voted with homeowners last week to continue to resist this tax reform proposal.  We will have additional comments upon a thorough reading of the bill.”
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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.