Consumer housing sentiment takes turn for the positive
"For the first time in the study's history, dating back to the first quarter of 2010, New Yorkers as a whole and in every area of the state say that the market has turned and that values over the past year have improved," said Don Levy, executive Director of SRI.
The market is turning in favor of buyers, said Levy, but he cautioned that the market is only back for those making over a $100,000, cautioned Levy. For residents earning less, there will be value opportunities, but not yet.
The opinion that the market might be on a rebound contrasts strongly with the poll's findings a year ago, when New Yorkers believed the market to be in decline.
The Consumer Real Estate Sentiment poll was conducted by phone to 2,414 state residents throughout October, November and December 2012.