“At this critical stage of the housing market, it is all about mortgage rates,” said NAR Chief Economist Lawrence Yun.
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.
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%).
Located at 4180 Carpenter Ave. in The Bronx is a 64-unit building for mostly women-headed households.
The $96-million project, led by WBP Development LLC, will consist of an eight-story residential building with 108 units and a four-level detached parking garage.
Willow at the Ridgeway, which is located at 23 Bishop W.J. Walls Place, is replacing two vacant public housing buildings.
The report revealed that 24% of recent home buyers were purchasing for the first time, a significant drop from 32% last year.
The award honors high-achieving real estate individuals for their trust, professionalism and service to buyers and/or sellers during the past year.
Before joining Hudson United Title, she was a top producer at Great American Title Insurance Agency and held a distinguished tenure as Vice President at Fidelity National Title Insurance Company.
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