The SALT deduction cap is quadrupled from $10,000 to $40,000 for households earning under $500,000. However, the bill does not eliminate the marriage penalty.
In April, existing-home sales in the Northeast fell 2.0% from March to an annual rate of 480,000, identical to April 2024.
Across several counties, April brought a surge of new interest, particularly in the Bronx, Rockland, and Putnam counties
Related Companies and Wynn Resorts announced on Tuesday they had dropped their bid to build a casino on the Western Rail Yards at Hudson Yards.
NAR Chief Economist Lawrence Yun expects four to six rate cuts will be approved by the Fed going forward.
The Federal Reserve Board stressed that it will continue to press forward on its goal of bringing the inflation rate back to 2%.
After that detailed and thorough consultation, we reached an outcome that promotes individual choice, while also reinforcing a system of openness for all.
The legislative priorities of HGAR and NYSAR were focused on assisting first-time homebuyers with rising housing costs, helping alleviate the severe housing shortage in New York State, and addressing escalating insurance costs.
There is no doubt that Rockland County faces housing challenges that impact a wide range of residents—from teachers and first responders to seniors and working families.
Regionally, on a year-to-date basis, new home sales were up 12.9% in the South, but were down 32% in the Northeast, 18.3% in the Midwest and 6% in the West.
Gov. Hochul stated that “congestion pricing is legal” in a statement responding to Duffy’s letter, and said the MTA would continue to collect the tolls.
At times of great uncertainty, consumers may put off making big decisions like buying a home or car, and businesses may delay investing until they have a better sense of what the future holds.
On March 21, Gov. Kathy Hochul and business and transit leaders held a rally in Manhattan and reported that traffic is down and business is up in Manhattan’s Central Business District (CBD).
In addition to being Broker/Owner of Park Sterling Realty since May 2001, Caro served as President of the Westchester-Putnam Association of Realtors for two terms (2009-2010) and President of the Hudson Gateway Multiple Listing Service in 2014-2015.
Sarah Lee, the CEO of Think Dutchess and the Executive Director of the Dutchess County Industrial Development Agency, will join HVEDC in April as its new Executive Vice President of Strategic Initiatives.
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