2024 Year in Review: An Industry Coping with Dramatic Changes
On the state and local levels, the real estate industry coped with high demand, low inventory and volatile interest rates as the Federal Reserve tried to battle inflation.
According to a cost benefit analysis prepared for the LDC, the renovations project would generate a one-time sales tax revenue of $45,973 and $5.2 million in sales tax revenue over a 30-year period.
Today’s report by the Hudson Gateway Association of Realtors, based on data supplied by OneKey MLS, also indicates inventory levels declined among all property types in all regions.
As we celebrate the achievements of the past, I look forward to continuing HGAR’s efforts to challenge preconceived notions, embrace diversity, and work towards an equitable and even more inclusive association.
“This year you will hear me speak about ‘Stronger Together’ because that is what we are. We are stronger together,” Bauman told the Installation Gala event gathering.
Asking multifamily rents moderated slightly but overall fundamentals are strong. However, under-construction unit count continues to decline as developers are facing meaningful increases in construction and financing costs.
Soon we will share with you HGAR’s new Strategic Plan and vision. You are the most important part of the plan, and we encourage you to engage and participate.
Williams says uncertain outlook indicates Fed will maintain restrictive policy until inflation reaches 2% on sustained basis.
Sears says he is committed to NAR’s work to advocate for the real estate industry. He has played a critical role in driving member advocacy efforts through RPAC.
The projects, when completed, will involve approximately $1 billion in upgrades to Route 17 in Orange and Sullivan counties.
DEP is a top taxpayer throughout the watershed region, paying taxes on the full-assessed value of land, structures, easements and most water supply infrastructure across 230,000 acres owned or controlled by New York City.
New state-of-the-art facility to replace outdated buildings in $400 million project planned by New York State Dormitory Authority.
The Bronx Chapter of the Hudson Gateway Association of Realtors teamed up with the Castle Hill YMCA to distribute presents on Christmas Day to 85 children from 32 local families in need.
Receive original business news about real estate and the REALTORS® who serve the lower Hudson Valley, delivered straight to your inbox. No credit card required.