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.
While growth in the city was faster than statewide growth (6.5%) and metropolitan area growth (7.4%), it lagged the nation’s overall 10.3% rate of housing growth.
Attendees will enjoy unlimited bowling, complimentary pizza, soft drinks, beer, and wine, plus added attractions like a DJ and a photo booth, HGAR officials stated.
The event is open to all Realtor Association members across North America and Ireland who are seeking to discover the secrets to international real estate trends, investment opportunities and strengthened global connections.
“Home buyers are slowly entering the market,” said NAR Chief Economist Lawrence Yun.
Reviewing February’s closed sales of single-family homes, only Rockland County and The Bronx saw gains of 7.1% and 4.2%, respectively.
Among the awarded projects, the Mid-Hudson and New York City regions secured a combined $92.1 million in funding.
New York municipalities have been awarded at least $365.8 million for a variety of projects to reduce greenhouse gas emissions and other pollution and build resilience to climate change.
While the Black homeownership rate (44.7%; +0.6 percentage points) achieved the highest annual gain among all races in 2023, it remains substantially lower than White (72.4%; +0.1 percentage points).
Since 2019, the developments are projected to create over 7,500 new residential units and more than 8,800 construction jobs.
The $10-million award will focus on downtown revitalization initiatives in Downtown Poughkeepsie.
The envisioned building is a more than 200,000-gross-square-foot facility that will bring together a range of STEM disciplines.
For the first time since 2016, new construction activity outpaced household formations. Yet, the nation still faces a supply shortfall of 3.8 million homes.
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