Homebuyer confidence increases in New York
Mortgage rates have remained steady this month and are still down more than 1 percent from last year at this time. Residential new construction activity continues to rise nationally. The U.S. Commerce Department reports that new housing permits rose 5% in October to a new 12-year high of 1.46 million units.
For more details, see “New York State Housing Report – September 2019” from the New York State Association of REALTORS®.