Latest Housing Data Mixed; High Rates Cut into Demand
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.
The agreement gives Preston High School the option to renew its lease for successive five-year intervals at the end of the current 25-year lease term.
The median rent has risen 20.2%, from $1,409 in March 2019 to $1,694 in March 2025.
Westchester County consistently leads the market with the highest median sale prices, peaking at $1,031,500 in June 2024 before settling at $860,000 in March 2025.
This event will bring together major stakeholders to strategize how to realize Rockland’s housing potential while maintaining the character of existing neighborhoods.
The event is geared toward real estate professionals, landlords and community advocates and will include identifying sources of income discrimination.
In his new role, Irace will focus on cultivating strategic partnerships, recruiting new investment to the region, and promoting development opportunities.
The purchaser, Larry Regan of Regan Development Corporation, will be developing the site with a three-story building consisting of 12 units of affordable housing with covered parking.
Leveraging advanced AI tools and real-time validation checks, agents can reduce listing creation time by up to 82%.
Looking ahead, the second quarter of 2025 is expected to bring a modest increase in listing activity as would-be sellers grow more comfortable with the new normal of interest rates and recalibrated expectations.
This year's winners were William “Bill” Flagg, Realtor, ERA Queen City Realty, Scotch Plains, NJ; Ennis Antoine, Managing Broker, Keller Williams West Atlanta, Atlanta, GA; and Greg Kiely, Cape Cod, MA.
Built in 1998, Halstead Tarrytown consists of 11 two-story buildings offering a mix of one- and two-bedroom apartments.
The top remodeling projects that Realtors recommend sellers complete before listing their homes include painting the entire home (50%), painting a single interior room (41%) and installing new roofing (37%).
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