Gov. Hochul’s State of the State Address Focuses on Housing, Climate Change, Rail Improvement Funding
“The top driver of our affordability crisis is the rising cost of rent and mortgages, and New Yorkers need our help.”
“The top driver of our affordability crisis is the rising cost of rent and mortgages, and New Yorkers need our help.”
Rates at 6% are the new normal, and from a historical perspective they’re completely fine, especially given the strength of the economy and inflation adjusted wage gains over the past few years.
“The cost of living is just too damn high — especially when it comes to the sky-high rents and mortgages New Yorkers pay every month,” Gov. Hochul said.
Phase Two is to include 450 units of permanently affordable rental housing adjacent to the armory
A federal judge on Jan. 3 denied New Jersey’s attempt to stop or stall the launch of the congestion tolling plan two days later.
On the state and local levels, the real estate industry coped with high demand, low inventory and volatile interest rates as the Federal Reserve tried to battle inflation.
While the goal of protecting tenants is important, the reality is that this law could have far-reaching consequences that hurt housing affordability and discourage real estate investment.
PrimeSource, which is a leading manufacturer of proprietary brands and a distributor of premier third-party brands, will utilize the location to service New York, New Jersey, Connecticut and Pennsylvania.
Yun noted that a key trend going forward is that for-sale inventory has been increasing of late and is expected to continue next year.
The Orange County Partnership, founded in 1986, has assisted in a total of 873 attractions and expansion projects in 38 years.
Fernandez, who has served as HGAR’s CEO since September 2023, was among three award winners. She joined HGAR after having served as CEO of the Greater Louisville Association of Realtors.
Barrett was president of the Putnam County Association of Realtors in 2008, a year before PCAR’s merger with the Westchester County Board of Realtors.
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