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Monthly Home Sales Jump in New York, 2011 Sales Fall Short
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Monthly Home Sales Jump in New York, 2011 Sales Fall Short
The Easy Way to Shop For a Mortgage Loan
Fill Out One Questionnare
Receive Multiple Offers. Save Money.
The Easy Way to Shop For a Mortgage Loan
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Receive Multiple Offers. Save Money.
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Monthly Home Sales Jump in New York, 2011 Sales Fall Short
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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

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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

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.
HOW
MORTGAGELOANRATEUPDATE
WORKS
Whether you're looking to refinance your current loan, purchasing a new home or looking for a home equity loan, we make it easy at MortgageLoanRateUpdate. Our questionnaire is simple and quick to use and your information is safely transmitted to us with SSL encryption. With just two minutes of your time, you could have multiple lenders competing for your business which could save you thousands.
ADVANTAGES OF USING
MORTGAGELOANRATEUPDATE
FAST & EASY. DATA ENCRYPTED
Applying to multiple lenders is fast and easy with our one simple questionnaire. Choose the product you’re looking for, take a few moments to answer a few questions and you’re on your way to saving.
NO OBLIGATION. NO HIDDEN FEES
Any of the services on our website are 100% free, there is no obligation to use our services or any hidden fees. We’re not loan brokers so we don’t charge broker fees like other websites.
NO SSN OR CREDIT CHECK
No SSN or credit check is necessary to use our services. We bring lenders to you so they can compete for your business and you save. That information only becomes necessary after you choose a lender.

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 Buying Tips
Home Selling Tips
About
Mortgages
HOW
MORTGAGELOANRATEUPDATE
WORKS
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 MortgageLoanRateUpdate and the offers you have received, you've found the right product and the best rate.
ADVANTAGES OF USING
MORTGAGELOANRATEUPDATE
FAST & EASY. DATA ENCRYPTED
Applying to multiple lenders is fast and easy with our one simple questionnaire. Choose the product you’re looking for, take a few moments to answer a few questions and you’re on your way to saving.
NO OBLIGATION. NO HIDDEN FEES
Any of the services on our website are 100% free, there is no obligation to use our services or any hidden fees. We’re not loan brokers so we don’t charge broker fees like other websites.
NO SSN OR CREDIT
CHECK
No SSN or credit check is necessary to use our services. We bring lenders to you so they can compete for your business and you save. That information only becomes necessary after you choose a lender.