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NY First Home bill passes NYS Legislature

Jun 21, 2017
On Monday, June 19, the NY First Home Proposal (A.5616-B/S.4058-B) passed in both the New York State Senate and Assembly.  The bill will next be delivered to the governor for his approval at an undetermined time.  The NY First Home Program would allow individuals and couples to put aside money in a special savings account to be used for the upfront costs associated with purchasing a first home in New York State.  Click herefor more details on the program.

To read a statement by NYSAR President Dawn Carpenter, click here
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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.

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