NAR Chief Economist Lawrence Yun expects four to six rate cuts will be approved by the Fed going forward.
Chief among the reform measures included in the budget was disincentivizing institutional investors from buying up one- and two-family homes.
This draft language preserves or strengthens a raft of provisions vital to housing affordability.
Existing-home sales in the Northeast in July climbed 4.3% from June to an annual rate of 490,000, an increase of 2.1% from July 2023.
When we’re talking about what our challenges are in the industry—there’s inventory, there’s insurance and there’s inflation. Those are things that we do not have control over, but those are things we continue to educate people on.”
The listing broker or the seller may offer compensation to the buyer’s agent, but there are limitations to how that offer can be marketed—i.e., brokers can no longer communicate offers of compensation on an MLS.
Thank you to the following Members who are leading the way in the 2024 RPAC campaign
Realtor.com has seen substantial improvement in inventory in the first half of 2024, climbing by more than 35% on a year-over-year basis.
Two market areas that make up the New York metro region—New York-Jersey City-White Plains, NY-NJ (No. 7) and Dutchess County-Putnam County, NY (No. 9)—ranked among the top 10 metro areas for price increases in the second quarter.
The scoreboard for the Mid-Hudson region is that a total of 39 municipalities have submitted letters of intent and 19 others have been certified as a “Pro-Housing Community.”
At present, Taylor has been working on Genting’s proposal to convert its Resorts World New York City racino into a fully licensed gaming facility.
The new rules mean sellers still have the choice of offering compensation to buyer brokers, which can serve as a way of marketing the home or making the listing more attractive to buyers.
All of the affordable apartments in El Hogar will be available to senior households earning up to 40% of the Area Median Income.
According to a cost benefit analysis prepared for the LDC, the renovations project would generate a one-time sales tax revenue of $45,973 and $5.2 million in sales tax revenue over a 30-year period.
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