“Home sales have struggled to gain traction, but prices continue to rise, contributing to record-high housing wealth,” said NAR Chief Economist Lawrence Yun.
The rally underscored our industry’s leadership in advancing housing policy and demonstrated the collective strength of Realtors when we unite around a common cause.
Technology continues to lead in private-sector job cuts as companies restructure amid AI integration, slower demand, and efficiency pressures.
The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($806,500 or less) increased to 6.98% from 6.92%.
The SALT deduction cap is quadrupled from $10,000 to $40,000 for households earning under $500,000. However, the bill does not eliminate the marriage penalty.
In April, existing-home sales in the Northeast fell 2.0% from March to an annual rate of 480,000, identical to April 2024.
Across several counties, April brought a surge of new interest, particularly in the Bronx, Rockland, and Putnam counties
The Tiki Beach event will feature live music by local band Heard Immunity.
AMS Acquisitions of New York City envisions transforming the currently vacant office complex at 800 E. Main St. into a park-like setting featuring 180 rental apartments.
The decline in single-family housing starts in April mirrors builder sentiment, as elevated interest rates, uncertainty on the tariff front and rising construction costs are exacerbating housing affordability challenges.
Piazza began her real estate career in 2004 and shortly after, joined Rand Realty where she quickly rose to become one the company’s top producing agents.
Palumbo is a graduate of HGAR’s Leadership Accelerator Program, a current HGAR and NYSAR Director, and has served as chair of HGAR’s Young Professionals Network.
The Yonkers store will total approximately 114,000 square feet and will feature 19 departments.
Despite being home to millions and some of the strongest local economies, Los Angeles, CA; Oxnard, CA; San Diego, CA; New York, NY and Spokane, WA are among the furthest from housing-supply balance.
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