Overall, the region remains in high demand, with all areas continuing to experience exceptional competition for homes.
The region’s housing crisis has become a commercial real estate constraint. Limited housing availability affects workforce retention, which in turn impacts employers’ willingness to expand or relocate.
Due to low supply, the median home price reached a new high for the month of January.
Built in 2016, Quarry Place features 61 one- and 47 two-bedroom units with condo-quality finishes and an average unit size of 977 square feet.
The Armory was designated as a New York City Landmark in 1974 and placed on the National Register for Historic Places list in 1982.
As inventory inches up and prices continue to rise, more households are being locked out of homeownership and pushed into rental markets that cannot keep up.
Over the past 16 years, Madaffari has led countless impactful initiatives supporting a broad range of causes.
Inventory is matching a five-year high, though it remains below pre-COVID levels.
Currently under construction on the Valhalla campus, the Brenda Fareri Pavilion will be a 162,000-square-foot hub of advanced critical care medicine.
At the most recent meeting on Sept. 11, the county pushed for proper compensation for impacted small businesses, damaged public property, and traffic control devices.
Fordham Landing South to be developed by Dynamic Star and Lettire, will create more than 900 new affordable homes.
The country’s highest court won’t take up an appeal that sought to overturn a ruling favoring the National Association of Realtors. NAR successfully litigated the antitrust case twice in lower courts.
“This partnership gives our agents the scale, technology, and marketing power to grow their business while maintaining the personal, client-first culture that has defined our success in the city.”
This legislation will make available an opt-in tax incentive to incentivize redevelopment of vacant or abandoned one-to-four family homes for use as affordable homeownership or rental housing.
The region’s current month’s supply of inventory stands at 3.9 months—below the 4-to-6-month range typically associated with a balanced market.
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