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Marketing & Statistics

Wintry weather fails to quell demand for homes

Albany, NY – February 21, 2014 – (RealEstateRama) — The New York State housing market started 2014 on solid footing with closed and pending sales falling minimally from the significant gains posted in January 2013, according to the housing market report released today by the New York State Association of REALTORS. The statewide median sales price continued to grow as it did throughout 2013, posting a 10.1-percent increase compared to last January

Governor Cuomo Outlines Proposal to Cut Property Taxes on Long Island

Albany, NY – February 20, 2014 – (RealEstateRama) — Governor Andrew M. Cuomo today detailed his proposal to cut taxes for residents and businesses during a visit to Nassau Community College in Nassau County. As part of the Governor’s 2014-15 Executive Budget, the proposal continues the fiscal discipline of the past three years by holding spending increases to below two percent, while also reducing taxes by more than $2 billion by 2016-17

Empire State housing market momentum continues into November

Albany, NY – December 19, 2013 – (RealEstateRama) — The Empire State’s November housing market posted a 4.8-percent increase in closed sales compared to a year ago, according to the housing market report released today by the New York State Association of REALTORS. The strong buyer activity also drove a 9-percent growth in the median sales price compared to November 2012

New York Fed Report Shows Household Debt Rises in Third Quarter

NEW YORK, NY – November 14, 2013 – (RealEstateRama) — In its latest Household Debt and Credit Report, the Federal Reserve Bank of New York announced that outstanding household debt increased $127 billion from the previous quarter, the largest increase since the first quarter of 2008. The increase was due to rises in mortgage balances ($56 billion), student loans ($33 billion), auto loans ($31 billion) and credit card debt ($4 billion). The Quarterly Report is based on data from the New York Fed’s Consumer Credit Panel, a nationally representative sample drawn from anonymized Equifax credit data

Empire State third quarter home sales jump 17 percent

New York, NY – October 21, 2013 – (RealEstateRama) — Motivated homebuyers dominated the Empire State’s summer housing market, powering 17.4-percent jumps in both statewide closed sales and pending sales during the third quarter, according to the housing market report released today by the New York State Association of REALTORS®. The state median sales price increased by 5.4 percent statewide.

Strong New York State housing market sees sales, median and pending gains through first half of 2013

Albany, NY – July 22, 2013 – (RealEstateRama) — The New York State housing market posted strong numbers through the first six months of 2013 with expansions in closed sales, median sales price and pending sales compared to a year ago, according to the housing market report released today by the New York State Association of REALTORS.

New York State home prices rise for 7th consecutive month

Albany, NY – June 20, 2013 – (RealEstateRama) – Robust buyer activity across New York State in May resulted in a 12-percent growth in the statewide median sales price from May 2012, according to the housing market report released today by the New York State Association of REALTORS.

Empire State home sales, prices climb as inventory continues to fall

Albany, NY – May 22, 2013 – (RealEstateRama) — The New York State housing market continued to build on its early 2013 momentum with April gains in closed sales, median price and pending sales, according to the housing market report released today by the New York State Association of REALTORS. April 2013 closed sales for existing single-family homes, townhomes and condos were up 8.5 percent compared to April 2012, while the median price and pending sales rose 10 percent and 19 percent, respectively. Year-to-date closed sales are 5.4 percent ahead of the first four months of 2012

New York: By the Numbers

NEW YORK, NY – May 7, 2013 – (RealEstateRama) — The Federal Emergency Management Agency and the U.S. Small Business Administration have approved $7 billion in direct assistance to homeowners, renters, businesses, government agencies and nonprofits that were affected by Hurricane Sandy.

New York State housing market posts solid first quarter; closed sales, median price and pending sales up

Albany, NY – April 22, 2013 – (RealEstateRama) — The New York State housing market posted a solid first quarter of 2013 with gains in closed sales, median sales price and pending sales compared to the 2012 first quarter, according to the housing market report released today by the New York State Association of REALTORS. The statewide inventory of homes for sale continued to decline, reaching its lowest point since January 2006

Cuomo Administration Demands Fannie Mae and Freddie Mac Change Restrictive Guidelines That Could Hit Sandy Victims With Large Spikes in Their Mortgage Payments

Albany, NY – April 9, 2013 – (RealEstateRama) — Governor Andrew M. Cuomo today announced that his Administration is demanding that Fannie Mae and Freddie Mac change restrictive guidelines which could hit thousands of Superstorm Sandy victims with large spikes in their mortgage payments. Fannie and Freddie’s current policies could result in a typical family being forced to make an immediate balloon mortgage payment of more than $6,000 or see a monthly payment spike of more than $500 or 50 percent.

New Housing Report finds NYC’s Home Prices Rose Modestly in Final Quarter of 2012; Foreclosures Rise City – wide

WASHINGTON, D.C. – April 3, 2013 – (RealEstateRama) — New report from NYU’s Furman Center for Real Estate and Urban Policy finds New York City home prices rose two percent in the final quarter of 2012, while foreclosure activity increased 53 percent over the final quarter of 2011; The Bronx sees promising signs of renewed building activity

Tenants to legislators: Stop rents from rising faster than wages!

NEW YORK, NY – March 29, 2013 – (RealEstateRama) — Tenants & Neighbors commends the New York State Legislature for taking action to raise the minimal wage. This much needed move will help many low income households stay afloat in difficult economy. It is imperative, however, that as legislators act to raise wages for workers, they also take steps to protect these same individuals from unaffordable rent increases.

Recovery continues: 2013 housing market starts strong with sales, price gains

Albany, NY – February 21, 2013 – (RealEstateRama) — The recovery of the New York State housing market continued into 2013 as January sales of existing single-family homes, condos and co-ops were 9.5 percent ahead of January 2012, according to the housing market report released today by the New York State Association of REALTORS. The statewide median sales price grew by 5 percent compared to a year ago and available inventory continued to decrease

NYC REAL ESTATE BROKER CONFIDENCE STARTS OUT STRONG IN 2013

New York, NY – February 5, 2013 – (RealEstateRama) — New York City residential and commercial real estate broker confidence was at its highest levels of the last eight months in January 2013, according to the Real Estate Board of New York’s (REBNY’s) monthly Broker Confidence Index.