Central New York Housing News

New York State consumers sense improved housing market, optimistic about future

According to the Siena Research Institute and New York State Association of REALTORE Consumer Real Estate Sentiment Scores for the first quarter of 2011, consumers in the Empire State see now as a poor time to sell with a score significantly below breakeven at -36.7 but as a very good time to buy with a high positive score of 31.4.  Still, both the current sell and buy have moved in the direction of a thriving market.

U.S. Commerce Department: New home sales up in March for the Northeast

Sales of new single-family houses in the Northeast in March were up 66.7 percent to a seasonally adjusted rate of 30,000, according to a release by the U.S. Commerce Department. February's annual rate was 18,000.

Nationally, new home sales were at a seasonally adjusted annual rate of 300,000 for March. This is 11.1 percent above the revised February rate of 270,000 and is 21.9 percent below the March 2010 total of 384,000.

According to NYSAR, New York REALTORS sold 4,989 existing single-family homes in New York State in March, a 22-percent increase from February.

New York's REALTORS press for 2-percent property tax cap

NYSAR launches statewide campaign urging Albany to 'CAP that Tax!'

04.12.2011- ALBANY, N.Y. - A new statewide, multimedia advertising campaign, sponsored by the 50,000-member New York State Association of REALTORS® (NYSAR), launches tomorrow in support of Gov. Andrew Cuomo's proposal for a 2-percent cap on property taxes.

"We applaud the passage of the state's fiscally responsible budget by Gov. Cuomo and the legislature. The two-percent property tax cap is the next logical step to provide meaningful relief to the Empire State's overburdened taxpayers," said Duncan MacKenzie, NYSAR chief executive officer. "Our nation-leading property tax burden is preventing young New Yorkers from achieving the American Dream of homeownership and making it tougher for seniors to keep their life-long homes."

National Association of REALTORS President Talks to Martha Stewart about the Value of Homeownership

Owning a home has always been a big part of the "American Dream." Whether you're looking to buy your first apartment, find more space for your expanding family, or downsize to a smaller location, Ron Phipps, president of the National Association of Realtors, offers some practical advice.

http://www.marthastewart.com/article/home-ownership-tips

REALTORS Committed to Fair Housing Throughout the Year

The National Association of Realtors® will join Americans across the country as they honor Fair Housing Month this April. As the leading advocate for home ownership, NAR strongly supports the Fair Housing Act and believes that anyone who is able and willing to assume the responsibilities of owning a home should have the opportunity to pursue that dream.

Why Some Americans Will Always Buy

Although the housing bubble and bust may have shattered notions that home prices have nowhere to go but up, Americans haven't lost their love for owning a home.  In the latest Allstate/National JournalHeartland Monitor poll, homeownership ranked second, just behind raising a family, in people's definition of the American Dream.

HomeGain: Homeowners who sell their home using a REALTOR fare better than those who go it alone

HomeGain, an online real estate resource that connects home buyers with sellers and real estate professionals, released the results of its For Sale By Owner (FSBO) vs. REALTOR survey and found that home sellers fare 50 percent better in getting their homes sold when using a REALTOR than those who went at it alone.

Additionally, 88 percent of homeowners that used a REALTOR to sell their homes said they would use one again, compared to 71 percent of home owners who sold their homes on their own who would use the same method in the future.

Syracuse ranked one of the top affordable major metro markets

National housing affordability reaches highest level in 20 years; Syracuse ranked one of the top affordable major metro markets

Nationwide housing affordability during the fourth quarter of 2010 rose to its highest level in the 20 years since it has been measured, according to data from the National Association of Home Builders (NAHB)/Wells Fargo Housing Opportunity Index (HOI).

Home Price Stabilization Seen in Most Metro Areas during Fourth Quarter, Sales Up

Home sales rebounded in 49 states during the fourth quarter with 78 markets - just over half of the available metropolitan areas - experiencing price gains from a year ago, while most of the rest saw price weakness, according to the latest survey by the National Association of REALTORS®.

GSE Structures Must Protect Taxpayers and Ensure Mortgage Availability, Says NAR

Continued government participation in the secondary mortgage market is essential to ensuring affordable and available home mortgages to qualified consumers when private lenders withdraw from the market, according to the National Association of Realtors®' recommendations for restructuring the government-sponsored enterprises (GSEs).