Central New York Housing News

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).

Survey Shows Owners and Renters Agree Home Ownership Matters

A significant majority of today's home owners and renters agree owning a home is a smart long-term decision. According to a survey released by the National Association of Realtors®, 95 percent of owners and 72 percent of renters believe over several years it makes more sense to own a home.

GSAR Awards REALTOR of the Year, Broker/Manager of the Year, and more!

Onondaga County Legislator Judy Tassone installed the 2011 Directors and Presidents for the Greater Syracuse Association of REALTORS, Central New York Information Service, Home Builders & Remodelers of CNY and CNY Mortgage Bankers officers, held at the Genesee Grande on Friday, January 7th, 2011.

Over 270 were in attendance at this Celebration. Awards were handed out for; REALTOR of the Year, REALTOR Broker/Manager of the Year, Affiliate of the Year, Shining Star, and a special Lifetime Achievement Award.

Who Really Benefits from the MID

NATIONAL ASSOCIATION OF REALTORS®' Chief Economist, Lawrence Yun sent the following letter to the editor of The Washington Post in response to the January 1, 2011 article, "Trim the Excessive Tax Subsidy for Real Estate."

"It's a common misperception that the mortgage interest deduction benefits primarily the wealthy, as argued in the Washington Post's January 1 editorial, 'Trim the Excessive Tax Subsidy for Real Estate.'

Existing-home Sales Resume Uptrend with Stable Prices

Existing-home sales got back on an upward path in November, resuming a growth trend since bottoming in July, according to the National Association of REALTORS (NAR).

Existing-home sales, which include single-family, townhomes, condominiums and co-ops, rose 5.6 percent to a seasonally adjusted annual rate of 4.68 million in November from 4.43 million in October. November closings were 27.0 percent below the 6.49 million-unit pace in November 2009, which was the initial deadline for the first-time homebuyer tax credit.

A Year of Contrasts in Real Estate

This has been a year of real estate contrasts: While many consumers have taken advantage of historic buying opportunities and the market has seen a gradual stabilization of sales and prices, other challenges facing the nation have led some to question the value of home ownership for families, communities, and the country.