SAR Press Releases and Real Estate Market Activity
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6/11/2021 |
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The Sale of a Single Housing Unit Adds Over $100K to Overall Economy Queensbury, NY – Statistics released from a recent study illustrate just how important the housing and real estate industry is to state and national economies. In New York state, the economic impact of a typical home sale generates an average of $101,200 in related activity. This includes income generated from real estate industries like insurance and mortgage lending, expenditures related to home purchases such as furnishings or remodeling, the re-circulation of income into other sectors of the local economy, and the inducement of additional home construction due to demand. |
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5/21/2021 |
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Fast Moving Market Continues to See Multiple Offers Above Asking Price Queensbury, NY – April was another strong month for home sales. The busy spring market continues to see many multiple offer situations driving sales prices above asking price. With such strong activity, by the time a property sale closes, the market may have already moved higher than that sold price suggests. Such markets can create stress and frustration for prospective homebuyers, who are frequently having to submit offers on multiple properties before they are able to secure a purchase. |
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4/26/2021 |
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Buyer Demand Remains Strong Despite Rising Home Prices and Interest Rates Queensbury, NY – Normal spring increases in sales activity, coupled with relaxing COVID-19 policies, created a very busy March real estate market as buyer demand continued largely unabated in the face of rising home prices and mortgage rates. Existing home seller and new construction activity continue to remain below levels necessary to bring the market back into balance, pointing to a busy and competitive buyer market in the coming months. |
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4/1/2021 |
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Southern Adirondack REALTORS® Recognizes Fair Housing Month Queensbury, NY – The Southern Adirondack REALTORS® association is recognizing Fair Housing Month this April through education and training opportunities for its members. Realtor® associations around the country are commemorating the 53rd anniversary of the passage of the Fair Housing Act in effort to further nationwide progress toward ending housing discrimination in the United States. |
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3/22/2021 |
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Interest Rates Increase Slightly but Remain at Historically Low Levels Overall Queensbury, NY – Mortgage interest rates ticked a bit higher in February but remain below their February 2020 levels. |
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3/15/2021 |
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Southern Adirondack REALTORS® Association Prioritizes Diversity, Equity, and Inclusion Queensbury, NY – The Southern Adirondack REALTORS® association established a Diversity, Equity, and Inclusion (DEI) Committee to focus on Equal Access (Fair) Housing and equitable representation in the real estate industry. |
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2/25/2021 |
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2021 Regional Housing Market Begins with Decreasing Inventory Queensbury, NY - January started off strong for the housing market, with healthy buyer demand and strong market fundamentals. |
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2/1/2021 |
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Southern Adirondack REALTORS® Reaffirm Partnership with Habitat for Humanity Queensbury, NY – Local REALTORS® and industry partners participated in their first Habitat for Humanity project of 2021 last week as a continuation of the SAR’s commitment to the community. |
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1/27/2021 |
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2020 Regional Housing Market Ends with Decreased Supply, Increased Median Prices Queensbury, NY – December is normally one of the slowest months of the year but strong buyer demand across most segments of the market, buoyed by near-record low interest rates, continue to drive a healthy sales pace in the face of a new wave of COVID-19 infections and a softening jobs market. |
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1/25/2021 |
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New Leadership Installed at Southern Adirondack REALTORS® Association Queensbury, NY – Southern Adirondack REALTORS® installed a slate of new leaders earlier this month. |
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12/09/2020 |
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New Southern Adirondack REALTORS® Association Executive Begins Tenure Southern Adirondack REALTORS® will enter the new year with a new Association Executive following the hiring of Densay Sengsoulavong as Chief Executive Officer (CEO). |
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