Central New York's Leading Real Estate Services

Instant Reaction: May Housing Starts

The following is NAR Chief Economist Lawrence Yun's reaction to this morning's release from the U.S. Commerce Department on May new home construction: "New home construction activity soared to its highest level in over a decade, which is fantastic news as more housing inventory will be available as the year proceeds. Moreover, construction and real […]more

Infographic: Baby Boomers are Housing Market Movers

In recent years, baby boomers have been active in the housing market, coming in at a close second to millennials as the largest generation of home buyers, while home prices have remained high and inventory conditions tightened. The National Association of Realtors®' 2018 Profile of Home Buyer and Seller Generational Trends identified that baby boomers are now […]more

Instant Reaction: Lawrence Yun on Today's FOMC Statement

The following is NAR Chief Economist Lawrence Yun's reaction to the Federal Reserve's decision today to raise short-term interest rates: "We are still in the middle innings of rising interest rates; consumers should expect another three or four rounds of interest rate increases over the next 18 months. Mortgage rates will consequently continue to nudge higher. Fortunately, […]more