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Monthly Home Sales Jump in New York, 2011 Sales Fall Short
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 Jump in New York, 2011 Sales Fall Short
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 Jump in New York, 2011 Sales Fall Short

January 30, 2012 (Shirley Allen)

Monthly sales of existing single-family homes in New York made a comeback in December with homes sales increasing by over 10 percent for the month, but it still wasn’t enough to push 2011’s sales above the previous year’s according to the latest housing data from the New York State Association of Realtors® (NYSAR).

An estimated total of 6,405 existing single-family homes were sold in the Empire State in December. That was 10.7 percent higher than the 5,732 homes sold in November and 2.4 percent higher than the 6,254 homes sold in December 2010.

The median sales price for an existing home in New York fell 3.8 percent in December to $202,000, down from $210,000 in November, and was 8.2 percent lower than the median price of $220,000 in December of 2010.

Duncan R. MacKenzie, chief executive officer of NYSAR, stated, “The housing market sales comeback in the fourth quarter builds hope for an improving 2012 market. The continued stabilization of the statewide median sales price is a positive sign for homeowners, and a signal for would-be buyers that it’s time to focus on advantages such as record-low mortgage rates and solid affordability factors rather than price declines.”

For all of 2011, there were 72,058 existing homes sold in New York, 3.9 percent lower than the 74,970 homes in 2010. The median sales price in 2011 was $212,500, a modest 0.7 percent lower than the median price of $214,000 in 2010

Of the 40 counties that provide data for the monthly report, 21 reported sales gains over the previous year with the largest gain posted in Chenango County (+126.7 percent) and the largest decline posted in Washington County (-46.9 percent).

The statewide housing market continues to be unpredictable, punctuated by upswings that have yet to emerge as an ongoing trend,” 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
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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

January 30, 2012 (Shirley Allen)

Monthly sales of existing single-family homes in New York made a comeback in December with homes sales increasing by over 10 percent for the month, but it still wasn’t enough to push 2011’s sales above the previous year’s according to the latest housing data from the New York State Association of Realtors® (NYSAR).

An estimated total of 6,405 existing single-family homes were sold in the Empire State in December. That was 10.7 percent higher than the 5,732 homes sold in November and 2.4 percent higher than the 6,254 homes sold in December 2010.

The median sales price for an existing home in New York fell 3.8 percent in December to $202,000, down from $210,000 in November, and was 8.2 percent lower than the median price of $220,000 in December of 2010.

Duncan R. MacKenzie, chief executive officer of NYSAR, stated, “The housing market sales comeback in the fourth quarter builds hope for an improving 2012 market. The continued stabilization of the statewide median sales price is a positive sign for homeowners, and a signal for would-be buyers that it’s time to focus on advantages such as record-low mortgage rates and solid affordability factors rather than price declines.”

For all of 2011, there were 72,058 existing homes sold in New York, 3.9 percent lower than the 74,970 homes in 2010. The median sales price in 2011 was $212,500, a modest 0.7 percent lower than the median price of $214,000 in 2010

Of the 40 counties that provide data for the monthly report, 21 reported sales gains over the previous year with the largest gain posted in Chenango County (+126.7 percent) and the largest decline posted in Washington County (-46.9 percent).

The statewide housing market continues to be unpredictable, punctuated by upswings that have yet to emerge as an ongoing trend,” 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

January 30, 2012 (Shirley Allen)

Monthly sales of existing single-family homes in New York made a comeback in December with homes sales increasing by over 10 percent for the month, but it still wasn’t enough to push 2011’s sales above the previous year’s according to the latest housing data from the New York State Association of Realtors® (NYSAR).

An estimated total of 6,405 existing single-family homes were sold in the Empire State in December. That was 10.7 percent higher than the 5,732 homes sold in November and 2.4 percent higher than the 6,254 homes sold in December 2010.

The median sales price for an existing home in New York fell 3.8 percent in December to $202,000, down from $210,000 in November, and was 8.2 percent lower than the median price of $220,000 in December of 2010.

Duncan R. MacKenzie, chief executive officer of NYSAR, stated, “The housing market sales comeback in the fourth quarter builds hope for an improving 2012 market. The continued stabilization of the statewide median sales price is a positive sign for homeowners, and a signal for would-be buyers that it’s time to focus on advantages such as record-low mortgage rates and solid affordability factors rather than price declines.”

For all of 2011, there were 72,058 existing homes sold in New York, 3.9 percent lower than the 74,970 homes in 2010. The median sales price in 2011 was $212,500, a modest 0.7 percent lower than the median price of $214,000 in 2010

Of the 40 counties that provide data for the monthly report, 21 reported sales gains over the previous year with the largest gain posted in Chenango County (+126.7 percent) and the largest decline posted in Washington County (-46.9 percent).

The statewide housing market continues to be unpredictable, punctuated by upswings that have yet to emerge as an ongoing trend,” 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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