Press Room

REALTORS Support Governor's Proposal to Cut Closing Costs

Jan 21, 2014
Statement from New York State Association of REALTORS Chief Executive Officer Duncan R. MacKenzie

Governor Cuomo’s proposal to reduce the upfront costs of buying a home is welcome news to New Yorkers who can afford the ultimate mortgage expense, but are forced to the sidelines because they are unable to pay for the transaction costs. When all taxes and fees are combined, New York State consistently leads the nation in highest total closing costs. His proposal to reduce title fees, in conjunction with his plan to freeze property taxes, gives new hope to those seeking the many benefits of homeownership.
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.

Press Room