Wage growth is outpacing home price gains, which improves housing affordability. Still, future affordability could be hampered if housing supply fails to keep pace with demand.
The IDA has requested the State Inspector General remove the monitor due to his “unlawful” veto that it asserts was made under political pressure from New York State Senator James Skoufis.
The Maybrook award will allow for the development of the Switchyard Terminal for Economic and Advanced Manufacturing (STEAM) Rail & Business Park at the long-vacant Maybrook Rail Yard.
In terms of anticipated rate cuts by the Federal Reserve, Yun expects the Fed to cut rates later today (Dec. 10) and will initiate two further rate cuts in 2026.
The three casino license proposals will now be reviewed by the full New York State Gaming Commission, which is expected to vote on the projects before year-end.
The $607-million Amazon project is believed to be among the largest private industrial development investments and the largest in terms of scope in the history of Orange County.
By executing the Strategic Plan, NAR will modernize the association, deliver greater member value, respond to an evolving industry landscape, and provide transparent metrics to hold the association accountable.
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