For single-family homes, there were reportedly 2,591 closed sales transactions and 2,424 pending sales transactions in January, representing a 5.0% decrease in closed sales
A report by TRIP, a Washington, DC-based national transportation research non-profit, calculated that crumbing roads and potholes cost New York State drivers $8.7 billion—an average of $715 per driver—last year in repairs, fuel and wear and tear.
Like 2022, the Regeneron was the IDA’s largest project by far in 2023. The expansion project is expected to create more than 2,700 construction jobs.
In addition, the governor reported that two Orange County communities—the villages of Highland Falls and Montgomery—$4.5 million each from the NY Forward program.
Seven Hudson Valley Municipalities Certified as ‘Pro-Housing Communities’ Now Eligible for State Funding
Certified communities include locations in Long Island, the Mid-Hudson, Central New York, Western New York, Mohawk Valley, Southern Tier, North Country, and Capital regions.
Apartment Towers at White Plains Train Station Acquired by Chicago-Based Firm for Reported Price of $195 Million
The property was originally developed at a reported cost of approximately $250 million and was one of the first new major multifamily projects to be built in White Plains in some time.
BOMA Panel Says Most Westchester CRE Markets Will Perform Well in 2024 With the Exception of the Office Sector
Of the total 23 million square feet of available office space in the county, approximately 6.0 million square feet is vacant, which calculates to about a 26% countywide office vacancy rate.
One promising theory being discussed by some real estate analysts and something Fernandez advised Realtors to watch for in 2024 is a possible “Silver Tsunami” of retiring Baby Boomers who will be putting their homes on the market.
Brokers Predict Strong Activity for Multifamily, Industrial Markets; Troubles to Continue for Office Sector in 2024
Brokers contend that companies will be attracted to Class A-type space, while properties rated at either B or C will have trouble attracting tenants.
The Regional Plan Association's report claims there is no three-lane requirement for an interstate highway, citing Interstates I-87 and I-84, which have two lanes in each direction for most of their routes.
In terms of the “NYS Route 17 Mobility & Access Improvements Project” it appears the first shovel in the ground on this overall possible $1-billion project will be potentially in early 2026.
Williams says uncertain outlook indicates Fed will maintain restrictive policy until inflation reaches 2% on sustained basis.