More Than 80% of Metro Areas Posted Home Price Increases in First Quarter of 2025
In the first quarter, the Northeast performed best in both sales and price gains by percentage.
The predominant risks for DOB’s forecast are policies that may be implemented by the new federal administration, including those related to tariffs and the extension of the expiring provisions of the Tax Cuts and Jobs Act.
Currently, localities must conduct a survey of rental housing they propose to regulate and demonstrate that the vacancy rate is below 5%. This bill leaves that option in place, but creates an alternative method.
In the past five years, from 2019 to 2024, the median home price rose by 49.9%.
The highest number of closed sales occurred in Suffolk County with 12,913, followed by Nassau County with 9,748, and Westchester County with 7,127.
Garafalo was the president of the Orange County Association of Realtors in 2011 and the Hudson Gateway Association of Realtors in 2019.
One bill establishes the New York State first home savings program to allow first-time homebuyers to open saving accounts that would be eligible for personal income deductions.
The public-private partnership between the City of New Rochelle, State of New York and New York-based development firm Twining Properties will reimagine a former industrial brownfield site along the Long Island Sound.
The HALO fund provides direct loans to borrowers in support of the creation or preservation of housing that is attainable to the average Rockland resident.
The new Westchester headquarters positions OLA for continued growth as it remains on a mission to create better, more efficient environments.
Sullivan County’s December sales of single-family homes increased by 49.1%—the highest in the six-county region.
Contract activity fell more sharply in the high-priced regions of the Northeast and West, where elevated mortgage rates have appreciably cut affordability.
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