Gov. Hochul Gets It: A State of the State That Moves New York Forward—Faster, Smarter and More Competitively
Perhaps the most impactful element of the governor’s State of the State is her direct confrontation with regulatory delay.
Latest news
Gov. Hochul Gets It: A State of the State That Moves New York Forward—Faster, Smarter and More Competitively
Perhaps the most impactful element of the governor’s State of the State is her direct confrontation with regulatory delay.
News
NYC Comptroller Projects $2.2B Budget Shortfall in FY 2026
Comptroller Levine emphasized that the Adams Administration’s FY26 spending levels, which exceed revenue, and failure to properly budget for known, re-occurring expenses, have led to unusually high budget deficit projections for FY26 and FY27.
Market
NAR: Northeast Pending Home Sales Fell 11% in December
“The housing sector is not out of the woods yet,” said NAR Chief Economist Lawrence Yun.
Market
OneKey MLS: Year-End Regional Housing Data Shows Steady Sales and Price Growth
Single-family homes led the market with 3,229 closed sales, reflecting a 1.4% increase over the previous year.
Legal-Advocacy
2025: A Pivotal Year for Real Estate Law, Policy, and Compliance
Another major federal development affecting real estate professionals was the postponement of FinCEN’s Residential Real Estate Reporting Rule. Originally scheduled to take effect in 2025, the rule was delayed until March 1, 2026.
Legal-Advocacy
New York City Council Announces Leadership and Committee Appointments: What It Means for Our Industry?
At the helm is City Council Speaker Julie Menin, who will continue to shape the council’s agenda and legislative priorities.
People
Joan McDonald Promoted to Deputy Westchester County Executive
In connection with Wishnie’s retirement, County Executive Jenkins announced that current Director of Operations Joan McDonald has been promoted to Deputy County Executive.
Market
U.S. Existing Home Sales Rose 5.1% in December; Northeast Sales Posted 2% Increase in Deals Last Month
2025 was another tough year for homebuyers, marked by record-high home prices and historically low home sales.
Legal-Advocacy
Affordability Takes Center Stage in New York State in 2026
The governor emphasized the continued strain rising costs place on households and positioned housing production, regulatory reform and tenant protections as central tools to address those pressures.
News
Gov. Hochul Seeks to Reform SEQRA Process to Cut Red Tape and Build More Housing, Infrastructure
Gov. Hochul will propose to amend the State Environmental Quality Review Act (SEQRA) to exempt certain types of housing projects that have no significant impacts on the environment…
News
Real Estate, Political and Business Leaders Express Support for Gov. Hochul’s Call for Environmental Regulatory Reforms
“Governor Kathy Hochul’s 2026 State of the State address brought a refreshing dose of clarity, urgency, and opportunity to New York’s real estate landscape..."
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NY Gov. Kathy Hochul Focuses on Affordability, Regulatory Reform in State of the State Address
New Yorkers deserve a state where they can raise a family, keep the lights on, and stay rooted in the communities they love.