“My computer model is indicating that (for) home sales, the worst is over. The worst in inventory is over. I think the recession probability is still slim,” Yun said.
“Home buyers are slowly entering the market,” said NAR Chief Economist Lawrence Yun.
Reviewing February’s closed sales of single-family homes, only Rockland County and The Bronx saw gains of 7.1% and 4.2%, respectively.
“Home buyers are slowly entering the market,” said NAR Chief Economist Lawrence Yun.
Reviewing February’s closed sales of single-family homes, only Rockland County and The Bronx saw gains of 7.1% and 4.2%, respectively.
Among the awarded projects, the Mid-Hudson and New York City regions secured a combined $92.1 million in funding.
New York municipalities have been awarded at least $365.8 million for a variety of projects to reduce greenhouse gas emissions and other pollution and build resilience to climate change.
While the Black homeownership rate (44.7%; +0.6 percentage points) achieved the highest annual gain among all races in 2023, it remains substantially lower than White (72.4%; +0.1 percentage points).
Since 2019, the developments are projected to create over 7,500 new residential units and more than 8,800 construction jobs.
The $10-million award will focus on downtown revitalization initiatives in Downtown Poughkeepsie.
The envisioned building is a more than 200,000-gross-square-foot facility that will bring together a range of STEM disciplines.
For the first time since 2016, new construction activity outpaced household formations. Yet, the nation still faces a supply shortfall of 3.8 million homes.
The project included a rehabilitation of the interior of the original YMCA facility, transforming it into modern apartments.
The study provides a detailed analysis about the need for public transportation throughout the Hudson Valley.
Initially envisioned as a mixed-use project incorporating both rental and for-sale units, the redevelopment strategy was later refined to convert the entire property into for-sale condominiums.
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