New York home buying plans at record low

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According to the latest poll by the Siena Research Institute (SRI), New York State consumer home buying plans fell 1.1 points to 2 percent in July. Overall, New York State consumer confidence decreased 0.4 points, while the nation's confidence decreased 8.2 points. At 63, New York's overall consumer confidence is 4.8 points below the nation's confidence level of 67.8.

Doug Lonnstrom, Ph.D., professor of statistics and finance at Siena College and SRI founding director, said this is the lowest they have ever seen home buying plans since they started measuring New Yorkers' intent in 1999.

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New York State Association of REALTORS®, Inc.
130 Washington Avenue, Albany, NY 12210
Phone: 518.463.0300 Fax: 518.462.5474
www.nysar.com

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