Latest news (Page 23)
HGAR Helps Spotlight Challenges and Opportunities for Bronx Homebuyers
The Bronx continues to have the lowest homeownership rate in New York City, at just 20%.
Higher Rates Cause Mortgage Applications to Fall Sharply
Treasury yields finished higher last week on average despite an intra-week drop, driven partly by renewed concerns of the impact of tariffs on the economy.
Big City Exodus: Report Finds Majority of Shoppers Looking to Relocate for Budget and Lifestyle
Notably, big cities New York (71.7%), Boston (72%), and Chicago (72.6%) joined the top 10 metros with the highest out-of-market search rates.
Balchem Looks to Invest $36 Million in Expansion Project in Orange County
The cost of acquiring the vacant 12.43-acre site is $3.9 million. According to its application with the IDA, building and construction is estimated to cost $17,864,850 and equipment costs have been put at $13,136,536.
Bronx Bally’s Casino Project Likely Dealt Fatal Blow
Bally’s Bronx, as proposed to the New York State Gaming Commission late last month, was to stand approximately 250 feet tall and include a 500,000-square-foot Gaming Facility structure and span more than 3 million square feet.
NAR Launches New Member-Exclusive Market Statistics Dashboard with Forward-Looking Affordability Analysis
The Dashboard also includes forward-looking analysis on how many households could qualify to buy a median-priced home if mortgage rates fall to 6%.
Orange County to Purchase, Revitalize The Sugar Loaf Performing Arts Center
Under county ownership, the center will be revitalized and developed into a regional destination for live performances, educational programming, and community events.
International Buyers Purchased $56 Billion Worth of U.S. Homes from April '24 to March '25
Due to stubbornly high mortgage rates, a greater share of international home buyers paid cash—47% compared to 28% among all buyers.
LEGAL CORNER: ‘The One Big Beautiful Bill Act’: A Transformative Boost for the Real Estate Industry
Another important provision in the OBBBA raises the SALT deduction cap from $10,000 to $40,000 for taxpayers earning less than $500,000, effective from 2025 to 2029, before reverting to $10,000 thereafter.
JLL Report: Westchester County’s Office Market Posts Strongest Second Quarter Activity Since 2021
Leasing activity surged this quarter to over 360,000 square feet, a 45% increase from the first quarter of this year, with renewals representing 57% of executed transactions.
NAR Secures Major Wins for Real Estate in ‘One Big Beautiful Bill’
The One Big Beautiful Bill Act includes multiple NAR-championed provisions designed to support homeownership, drive investment in housing supply, and strengthen the real estate economy.
GUEST VIEWPOINT: A Cocktail of Uncertainty Will Stifle Investor Confidence and Freeze Market Momentum
Real estate does not thrive in uncertainty. It thrives in predictability. Buyers want to know what the future holds for taxes, schools, infrastructure, interest rates and public safety.
