NAR: Northeast Existing-Home Sales Spiked by 8.5% in November; Prices Rose Nearly 10%
“Home sales momentum is building,” said NAR Chief Economist Lawrence Yun.
Business leaders cannot afford to remain passive; they must engage politically to hold candidates accountable to the needs of the entire community, not just select groups.
Editor’s Note: This article first appeared in the Rockland County Business Journal.
As we approach the November general election, it becomes increasingly important to recognize that everyone, including business and real estate interests, has a vested stake in both the quality of candidates standing for office and the outcome of full voter participation, at all levels of government—local, state and national. It is essential to foster open dialogue and engagement to ensure that voters fully understand the issues at hand and the candidates’ positions on those issues. Sponsoring discussions and forums can contribute to a free, open, and comprehensive understanding of the candidates’ platforms, helping voters make informed decisions.
Civic engagement and political involvement are directly tied to improving key processes like zoning and planning entitlements in New York State. Strong, decisive political leadership is a cornerstone of building confidence in the investment community, which is often hesitant to allocate resources without clear and supportive guidance from elected officials. When this leadership is in place, communities can pursue sensible development plans that promote economic growth while preserving quality of life, leading to a robust tax base. This revenue supports critical public services, infrastructure, and cultural institutions that enhance community well-being.
Sustained investment in a community leads to job creation, economic vitality, housing availability and improved quality of life. This is a positive feedback loop, where thriving social, civic, charitable and cultural institutions attract further investment. But such success relies on collaboration between political leaders, residents, and businesses. The active participation of business and real estate interests in the political process is critical. Their involvement ensures that the candidates elected will be those who understand the needs of the business community and will prioritize policies that promote growth, development, and infrastructure improvements.
Business leaders cannot afford to remain passive; they must engage politically to hold candidates accountable to the needs of the entire community, not just select groups. This requires not only financial investments but also proactive support for candidates who champion policies conducive to long-term development in both the residential and commercial arena. Corporate interests must also be prepared to challenge candidates who do not meet these criteria, or who stifle economic development.
When business leaders, civic groups and political figures collaborate toward shared goals, the result is a more prosperous and resilient community. This synergy strengthens the local economy and enhances the quality of life for all residents. Through such engagement, communities can move forward with confidence, building a brighter, more sustainable future.
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