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Monthly Home Sales Fall in New York, Up from Last Year
HOW LOANRATEUPDATE WORKS
READ OUR DISCLOSURE
FILL OUT THE FORM
It all starts here. Select the loan product you want to apply for and complete the subsequent questionnaire.
WE VERIFY & TRANSMIT TO LENDERS
Once we receive your completed questionnaire we verify a couple vital pieces of information and direct your information to our network of lenders, all within minutes.
REVIEW YOUR OFFERS
With offers in hand you can now compare rates and costs and get the best possible deal. Comparison shopping made easy. You fill out one form and lenders compete for your business.
CHOOSE YOUR LENDER
Congratulations! With the great learning tools we provide for you at LoanRateUpdate and the offers you have received, you've found the right product and the best rate.
READY TO SPEAK TO A PROFESSIONAL?
LOANRATEUPDATE IS NOT A LENDER OR A BROKER BUT WE HAVE LOTS OF FRIENDS WHO ARE
Pick the service you desire below
Monthly Home Sales Fall in New York, Up from Last Year
HOW LOANRATEUPDATE WORKS
READ OUR DISCLOSURE
FILL OUT THE FORM
It all starts here. Select the loan product you want to apply for and complete the subsequent questionnaire.
WE VERIFY & TRANSMIT TO LENDERS
Once we receive your completed questionnaire we verify a couple vital pieces of information and direct your information to our network of lenders, all within minutes.
REVIEW YOUR OFFERS
With offers in hand you can now compare rates and costs and get the best possible deal. Comparison shopping made easy. You fill out one form and lenders compete for your business.
CHOOSE YOUR LENDER
Congratulations! With the great learning tools we provide for you at LoanRateUpdate and the offers you have received, you've found the right product and the best rate.
LOANRATEUPDATE IS NOT A LENDER OR A BROKER BUT WE HAVE LOTS OF FRIENDS WHO ARE
Pick the service you desire below
Monthly Home Sales Fall in New York, Up from Last Year

March 28, 2012 (Shirley Allen)

Monthly sales of existing single-family homes in the state of New York fell slightly from the previous month, but remained higher than last year, while home prices improved for the third consecutive month according to the latest housing data from the New York State Association of Realtors® (NYSAR).

An estimated total of 4,521 existing single-family homes were sold in the Empire State in February. That was 2.6 percent lower than the revised 4,639 homes sold in January but 9.6 percent higher than the 4,124 homes sold in February 2011.

The median sales price for an existing home in New York improved for the third consecutive month, increasing by 6.3 percent in February to $220,000, up from $212,500 in January, but still 8.3 percent lower than the median price of $239,900 in February of last year.

Duncan R. MacKenzie, chief executive officer of NYSAR, stated, “We are pleased to see the upswing in February sales after several years of flat sales numbers in that month. In addition to strong market fundamentals such as historically low mortgage rates and plentiful inventory, the mild winter kept buyers out of hibernation and active on the market.”

Of the 41 counties that provided data for the monthly report, nineteen counties reported gains or were unchanged from the previous month with Essex County (+137.5 percent) reporting the largest increase while Delaware County (-58.3 percent) posted the largest monthly decline in sales.

Year-over-year, 26 counties reported sales gains with the largest gain posted in Chenango County (+187.5 percent) and the largest decline posted in Clinton County (-51.6 percent).

Suffolk County recorded the most sales for the month with an estimated 521 home sales, down from 562 the previous month, while Nassau County followed with an estimated 494 home sales for the month, down from 522 in January.

“For the third straight month, the statewide median sales price has increased and is at the highest point since September 2011. Despite some fluctuation, the monthly statewide median has remained above $200,000, providing a positive indicator for the market,” MacKenzie added.

Tags: existing homes, condos, sales, median home prices, New York

Source:
NYSAR

INSIDER CAR BUYING TIPS
What's the four square system? How much is your trade-in really worth and why those payments really do seem a little higher than you thought.
BUYING VS LEASING
There's both advantages and disadvantages to leasing and buying depending on what you're planning to use your car for and how long you plan on keeping it.
DEALER OR BANK FINANCING
Sure that low interest dealer financing sounds really attractive but there's a price to be paid for that. We spill the beans as to why getting your own financing may save you money.
BUYING ON THE INTERNET
Buying a car at a dealership hasn't changed much through the years but doing your research on the internet can you save you a lot of time and most importantly, a lot of money.
THINKING OF BUYING
A NEW CAR?

WE GIVE YOU THE INSIDE TIPS THAT
COULD SAVE YOU THOUSANDS.
AUTO LOAN CALCULATOR
Calculate how much you can afford
BUYING OR SELLING A HOME IS A BIG DECISION
WE MAKE IT EASIER
HOME BUYING TIPS
Buying a home is a big decision. If you are not prepared, the decisions you make, the questions you don’t ask, and the details you miss could cost you thousands – in price, fees, financing, property issues, and home repairs.
HOME SELLING TIPS
If you are thinking of selling your home, chances are you’re caught up in a mass of emotions. Needs change and although you may be looking forward to this new adventure, you'll probably find yourself reluctant to leave your memories behind and face the overwhelming task of selling your home and moving.
SEARCH FOR A HOME
Home loans can be confusing. There's a lot of options and we provide the information that makles it simple. Don't sign on that dotted line until you know. It could cost you.
FIND THE CREDIT CARD THAT'S RIGHT FOR YOU
THERE'S A CREDIT CARD FOR VIRTUALLY ANY SITUATION. FIND YOURS.
YOU'VE WORKED HARD TO BUILD YOUR DREAM

LEARN ABOUT THE LOAN OPTIONS AVAILABLE TO EXPAND YOUR BUSINESS

March 28, 2012 (Shirley Allen)

Monthly sales of existing single-family homes in the state of New York fell slightly from the previous month, but remained higher than last year, while home prices improved for the third consecutive month according to the latest housing data from the New York State Association of Realtors® (NYSAR).

An estimated total of 4,521 existing single-family homes were sold in the Empire State in February. That was 2.6 percent lower than the revised 4,639 homes sold in January but 9.6 percent higher than the 4,124 homes sold in February 2011.

The median sales price for an existing home in New York improved for the third consecutive month, increasing by 6.3 percent in February to $220,000, up from $212,500 in January, but still 8.3 percent lower than the median price of $239,900 in February of last year.

Duncan R. MacKenzie, chief executive officer of NYSAR, stated, “We are pleased to see the upswing in February sales after several years of flat sales numbers in that month. In addition to strong market fundamentals such as historically low mortgage rates and plentiful inventory, the mild winter kept buyers out of hibernation and active on the market.”

Of the 41 counties that provided data for the monthly report, nineteen counties reported gains or were unchanged from the previous month with Essex County (+137.5 percent) reporting the largest increase while Delaware County (-58.3 percent) posted the largest monthly decline in sales.

Year-over-year, 26 counties reported sales gains with the largest gain posted in Chenango County (+187.5 percent) and the largest decline posted in Clinton County (-51.6 percent).

Suffolk County recorded the most sales for the month with an estimated 521 home sales, down from 562 the previous month, while Nassau County followed with an estimated 494 home sales for the month, down from 522 in January.

“For the third straight month, the statewide median sales price has increased and is at the highest point since September 2011. Despite some fluctuation, the monthly statewide median has remained above $200,000, providing a positive indicator for the market,” MacKenzie added.

Tags: existing homes, condos, sales, median home prices, New York

Source:
NYSAR

HOME LOANS CAN BE CONFUSING
YOU'VE GOT QUESTIONS
WE MAKE IT SIMPLE
WE'VE GOT ANSWERS
INSIDER CAR BUYING TIPS
What's the four square system? How much is your trade-in really worth and why those payments really do seem a little higher than you thought.
BUYING VS LEASING
There's both advantages and disadvantages to leasing and buying depending on what you're planning to use your car for and how long you plan on keeping it.
DEALER OR BANK FINANCING
Sure that low interest dealer financing sounds really attractive but there's a price to be paid for that. We spill the beans as to why getting your own financing may save you money.
BUYING ON THE INTERNET
Buying a car at a dealership hasn't changed much through the years but doing your research on the internet can you save you a lot of time and most importantly, a lot of money.
THINKING OF BUYING
A NEW CAR?

WE GIVE YOU THE INSIDE TIPS THAT
COULD SAVE YOU THOUSANDS.
AUTO LOAN CALCULATOR
Calculate how much you can afford
BUYING OR SELLING A HOME
IS A BIG DECISION
WE MAKE IT EASIER
HOME BUYING TIPS
Buying a home is a big decision. If you are not prepared, the decisions you make, the questions you don’t ask, and the details you miss could cost you thousands – in price, fees, financing, property issues, and home repairs.
HOME SELLING TIPS
If you are thinking of selling your home, chances are you’re caught up in a mass of emotions. Needs change and although you may be looking forward to this new adventure, you'll probably find yourself reluctant to leave your memories behind and face the overwhelming task of selling your home and moving.
SEARCH FOR A HOME
Home loans can be confusing. There's a lot of options and we provide the information that makles it simple. Don't sign on that dotted line until you know. It could cost you.
FIND THE CREDIT CARD THAT'S RIGHT FOR YOU
THERE'S A CREDIT CARD FOR VIRTUALLY ANY SITUATION. FIND YOURS.
YOU'VE WORKED HARD TO BUILD YOUR DREAM

LEARN ABOUT THE LOAN OPTIONS AVAILABLE TO EXPAND YOUR BUSINESS

March 28, 2012 (Shirley Allen)

Monthly sales of existing single-family homes in the state of New York fell slightly from the previous month, but remained higher than last year, while home prices improved for the third consecutive month according to the latest housing data from the New York State Association of Realtors® (NYSAR).

An estimated total of 4,521 existing single-family homes were sold in the Empire State in February. That was 2.6 percent lower than the revised 4,639 homes sold in January but 9.6 percent higher than the 4,124 homes sold in February 2011.

The median sales price for an existing home in New York improved for the third consecutive month, increasing by 6.3 percent in February to $220,000, up from $212,500 in January, but still 8.3 percent lower than the median price of $239,900 in February of last year.

Duncan R. MacKenzie, chief executive officer of NYSAR, stated, “We are pleased to see the upswing in February sales after several years of flat sales numbers in that month. In addition to strong market fundamentals such as historically low mortgage rates and plentiful inventory, the mild winter kept buyers out of hibernation and active on the market.”

Of the 41 counties that provided data for the monthly report, nineteen counties reported gains or were unchanged from the previous month with Essex County (+137.5 percent) reporting the largest increase while Delaware County (-58.3 percent) posted the largest monthly decline in sales.

Year-over-year, 26 counties reported sales gains with the largest gain posted in Chenango County (+187.5 percent) and the largest decline posted in Clinton County (-51.6 percent).

Suffolk County recorded the most sales for the month with an estimated 521 home sales, down from 562 the previous month, while Nassau County followed with an estimated 494 home sales for the month, down from 522 in January.

“For the third straight month, the statewide median sales price has increased and is at the highest point since September 2011. Despite some fluctuation, the monthly statewide median has remained above $200,000, providing a positive indicator for the market,” MacKenzie added.

Tags: existing homes, condos, sales, median home prices, New York

Source:
NYSAR

HOME LOANS CAN BE CONFUSING
YOU'VE GOT QUESTIONS
WHAT TYPE OF MORTGAGE LOANS ARE AVAILABLE?
DO I QUALIFY FOR A GOVERNMENT INSURED LOAN?
WHAT CAN I EXPECT FOR A MORTGAGE INTEREST RATE?
WE MAKE IT SIMPLE
WE'VE GOT ANSWERS
CALCULATE YOUR MORTGAGE PAYMENT
BENEFITS OF REFINANCING YOUR MORTGAGE
ADVANTAGES OF GETTING PRE-APPROVED FOR A LOAN
THINKING OF BUYING
A NEW CAR?

WE GIVE YOU THE INSIDE TIPS THAT
COULD SAVE YOU THOUSANDS.
INSIDER CAR BUYING TIPS
What's the four square system? How much is your trade-in really worth and why those payments really do seem a little higher than you thought.
BUYING VS LEASING
There's both advantages and disadvantages to leasing and buying depending on what you're planning to use your car for and how long you plan on keeping it.
DEALER OR BANK FINANCING
Sure that low interest dealer financing sounds really attractive but there's a price to be paid for that. We spill the beans as to why getting your own financing may save you money.
BUYING ON THE INTERNET
Buying a car at a dealership hasn't changed much through the years but doing your research on the internet can you save you a lot of time and most importantly, a lot of money.
AUTO LOAN CALCULATOR
Calculate how much you can afford
BUYING OR SELLING A HOME IS A BIG DECISION
WE MAKE IT EASIER
HOME BUYING TIPS
Buying a home is a big decision. If you are not prepared, the decisions you make, the questions you don’t ask, and the details you miss could cost you thousands – in price, fees, financing, property issues, and home repairs.
SEARCH FOR A HOME
Home loans can be confusing. There's a lot of options and we provide the information that makes it simple. Don't sign on that dotted line until you know. It could cost you.
FIND THE CREDIT CARD THAT'S RIGHT FOR YOU
THERE'S A CREDIT CARD FOR VIRTUALLY ANY SITUATION. FIND YOURS.
YOU'VE WORKED HARD TO BUILD YOUR DREAM

LEARN ABOUT THE LOAN OPTIONS AVAILABLE TO EXPAND YOUR BUSINESS

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