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New York Home Sales Improve in March, Still Behind Last Year’s Pace
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
New York Home Sales Improve in March, Still Behind Last Year’s Pace
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
New York Home Sales Improve in March, Still Behind Last Year’s Pace

May 7, 2012 (Shirley Allen)

Monthly sales of existing single-family homes in the state of New York bounced back after February’s decline, but still couldn’t match the previous year’s tally, while home prices stumbled, ending three consecutive months of improvement according to the latest housing data from the New York State Association of Realtors® (NYSAR).

An estimated total of 5,099 existing single-family homes were sold in the Empire State in March. That was 9.8 percent higher than the revised 4,644 homes sold in February but was still 1.8 percent lower than the 5,191 homes sold in March 2011.

The median sales price for an existing home in New York remained unchanged from February at $215,000, ending a streak of three consecutive months of improvement in housing prices. The median price was 2.9 percent higher than the median price of $209,000 in March of last year.

Duncan R. MacKenzie, chief executive officer of NYSAR, stated, “Strong affordability factors, improving consumer confidence and a mild winter increased buyer activity in the first quarter of the year as evidenced by our strongest start to the year since 2008.”

Of the 42 counties that provided data for the monthly report, twenty-two counties reported gains or were unchanged from the previous month with both Yates and Clinton Counties (+100.0 percent) reporting the largest increase in sales among counties with 20 or more sales while Ulster County (-52.9 percent) posted the largest monthly decline in sales.

Year-over-year, fifteen counties reported sales gains with the largest gain posted in Yates County (+144.4 percent) and the largest decline posted in Ulster County (-52.2 percent).

Suffolk County recorded the most sales for the month with an estimated 586 home sales, up from 521 the previous month, while Nassau County followed with an estimated 529 home sales for the month, up from 494 in March.

“We believe that this renewed consumer confidence, along with historically low mortgage rates and solid inventory levels, will position the housing market to build upon this strong start during the typically active spring and summer seasons,” 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

May 7, 2012 (Shirley Allen)

Monthly sales of existing single-family homes in the state of New York bounced back after February’s decline, but still couldn’t match the previous year’s tally, while home prices stumbled, ending three consecutive months of improvement according to the latest housing data from the New York State Association of Realtors® (NYSAR).

An estimated total of 5,099 existing single-family homes were sold in the Empire State in March. That was 9.8 percent higher than the revised 4,644 homes sold in February but was still 1.8 percent lower than the 5,191 homes sold in March 2011.

The median sales price for an existing home in New York remained unchanged from February at $215,000, ending a streak of three consecutive months of improvement in housing prices. The median price was 2.9 percent higher than the median price of $209,000 in March of last year.

Duncan R. MacKenzie, chief executive officer of NYSAR, stated, “Strong affordability factors, improving consumer confidence and a mild winter increased buyer activity in the first quarter of the year as evidenced by our strongest start to the year since 2008.”

Of the 42 counties that provided data for the monthly report, twenty-two counties reported gains or were unchanged from the previous month with both Yates and Clinton Counties (+100.0 percent) reporting the largest increase in sales among counties with 20 or more sales while Ulster County (-52.9 percent) posted the largest monthly decline in sales.

Year-over-year, fifteen counties reported sales gains with the largest gain posted in Yates County (+144.4 percent) and the largest decline posted in Ulster County (-52.2 percent).

Suffolk County recorded the most sales for the month with an estimated 586 home sales, up from 521 the previous month, while Nassau County followed with an estimated 529 home sales for the month, up from 494 in March.

“We believe that this renewed consumer confidence, along with historically low mortgage rates and solid inventory levels, will position the housing market to build upon this strong start during the typically active spring and summer seasons,” 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

May 7, 2012 (Shirley Allen)

Monthly sales of existing single-family homes in the state of New York bounced back after February’s decline, but still couldn’t match the previous year’s tally, while home prices stumbled, ending three consecutive months of improvement according to the latest housing data from the New York State Association of Realtors® (NYSAR).

An estimated total of 5,099 existing single-family homes were sold in the Empire State in March. That was 9.8 percent higher than the revised 4,644 homes sold in February but was still 1.8 percent lower than the 5,191 homes sold in March 2011.

The median sales price for an existing home in New York remained unchanged from February at $215,000, ending a streak of three consecutive months of improvement in housing prices. The median price was 2.9 percent higher than the median price of $209,000 in March of last year.

Duncan R. MacKenzie, chief executive officer of NYSAR, stated, “Strong affordability factors, improving consumer confidence and a mild winter increased buyer activity in the first quarter of the year as evidenced by our strongest start to the year since 2008.”

Of the 42 counties that provided data for the monthly report, twenty-two counties reported gains or were unchanged from the previous month with both Yates and Clinton Counties (+100.0 percent) reporting the largest increase in sales among counties with 20 or more sales while Ulster County (-52.9 percent) posted the largest monthly decline in sales.

Year-over-year, fifteen counties reported sales gains with the largest gain posted in Yates County (+144.4 percent) and the largest decline posted in Ulster County (-52.2 percent).

Suffolk County recorded the most sales for the month with an estimated 586 home sales, up from 521 the previous month, while Nassau County followed with an estimated 529 home sales for the month, up from 494 in March.

“We believe that this renewed consumer confidence, along with historically low mortgage rates and solid inventory levels, will position the housing market to build upon this strong start during the typically active spring and summer seasons,” 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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