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Summer home sales rising in N.Y., nationally
- Article from:
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Daily Record (Rochester, NY)
- Article date:
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July 3, 2008
- Author:
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Copyright informationCopyright 2008 Daily Record (Rochester, NY). Provided by ProQuest LLC. (Hide copyright information)
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Existing-home sales increased in May due to buyers responding to
lower home prices, according to the National Association of Realtors
(NAR). Rochester sales also are holding steady, according to local
agents.
NAR President Richard F. Gaylord, a broker with RE/MAX Real
Estate Specialists in Long Beach, Calif., said buyers are seeing
value in the current housing market.
"Home buyers are starting to get off the fence and into the
market, drawn by drops in home prices in many areas and armed with
greater access to affordable mortgages," Gaylord said in a recent
NAR report. "Today's buyer plans to stay in a home for 10 years,
which is a good strategy for building long-term wealth."
In Rochester, ...
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