New Yorkers remain confident in future housing market despite current concerns

The New York State Association of REALTORS, in partnership with the Siena Research Institute (SRI), released the New York State Consumer Real Estate Sentiment scores for the 2010 third quarter. Overall, the survey found New York consumers remain moderately positive about future improvement for the state's housing market despite a negative opinion of the current market. The survey shows that sellers have less confidence in the market since the second quarter, no doubt a result of continued poor economic news and a belief that buyers will not meet anticipated selling prices. On the other hand, the survey being released today indicates that New Yorkers understand that now is a good time to buy a home.

For a MSA breakdowns and the SRI press release, click here.