CNY Housing Market continues to be Competitive

The state of home buying in Central New York is characterized by a growing demand for housing, driven by a strong economy and a low unemployment rate. The region is experiencing population growth, and this, coupled with a shortage of new housing development, has led to increased competition for homes in popular areas. Home prices have risen, but remain relatively affordable compared to other areas of the country. There has been a recent trend towards renovations and upgrades of older homes, rather than new construction, as buyers look for affordable options in established neighborhoods. Overall, the real estate market in Central New York is healthy and active, providing opportunities for both buyers and sellers.

(photo: Credit: Getty Images/iStockphoto Copyright: MicroStockHub)

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