With the full legislature and governor facing re-election in 2026, HGAR and NYSAR are already preparing for what could be a watershed year for housing policy.
The NYC Rent Guidelines Board voted to approve rent increases of 3% for one-year leases and 4.5% for two-year leases on rent-stabilized apartments.
NAR successfully secured its top five priorities in the final package.
Dr. Meadows will serve as a vital bridge between HGAR’s Realtor members and the elected officials and stakeholders shaping housing policy in the Bronx and New York City.
“At this critical stage of the housing market, it is all about mortgage rates,” said NAR Chief Economist Lawrence Yun.
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.
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