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NY Real Estate Market Outlook Hits Two-Year High

Justin Sullivan, Getty Images

Loudonville, NY (WIBX) – New Yorkers are responding well to the Real Estate market this quarter, showing large confidence gains towards home sales.

According to a new quarterly consumer appraisal poll released by the Siena Research Institute, responses to both current and future home sales rose more than 20 points to its highest level since 2010.

Last quarter, those numbers were at a two-year low.

Don Levy, with the Siena Research Institute, said the gains are a good sign, but there is still work to be done.

“We do believe that there is a point at which both buyers and sellers can win,” Levy said. “We’re heading slightly in that direction but we have not reached that point as of yet.”

Levy also says positive real estate numbers may lead to higher consumer confidence throughout the state, though rising gas prices may temper those gains.

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