Even with modest improvements in mortgage rates, housing affordability, and inventory, buyers still remain hesitant.
Genting Malaysia announced components of the bond sale deal on Aug. 15.
The Westchester Industrial Portfolio is situated in infill locations and are strategically located properties that benefit from significant barriers to entry, limited new supply and connectivity to major New York transportation infrastructure.
The new marine terminal is estimated to create 400 construction jobs, 100 permanent jobs, and $3.9 billion in economic impact over the next 30 years.
The project will include a new police station and Village Court facility, public parking facilities, a mixed-use residential and commercial development, a public plaza, and new recreational trail connections.
This joint decision by the event sponsors reflects their shared commitment to delivering an event that offers the greatest value, insight, and impact for all participants.
Part of the delay in recovery is because the Federal Reserve has changed its outlook and appears to be on pause for a longer period.
The office buildings were all built in the 1970s and early 1980s and are currently approximately 50% vacant.
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.
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