The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($806,500 or less) decreased to 6.83% from 6.84%.
Cappelli estimated that with the NYPA project, the total Hamilton Green development cost will be approximately $900 million.
Pending sales in the Northeast increased incrementally even though home price growth in the region has been the strongest in the country.
Some of the project highlights include the construction of a five-story facility with each floor consisting of approximately 600,000 square feet of space.
The report warns that if Westchester fails to address its growing housing shortfall, the county could lose between 8,400 to 12,000 jobs annually and $533 million to $742 million in annual earnings.
The move effectively keeps congestion pricing tolls in effect through at least June 9.
She has led Housing Action Council’s Technical Assistance Program enabling non-profit housing organizations, human service agencies, and emerging developers to develop affordable housing resulting in thousands of housing units in New York’s Hudson Valley region.
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.
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