New York City Housing Market at a Critical Crossroads: Affordability, Evictions & Fiscal Policy Fuel Uncertainty
For real estate professionals, understanding the human and economic drivers behind eviction filings is critical.
Release Recovery has doubled the size of its facility, now totaling nearly 16,000 square feet: a full floor at 3020 Westchester Ave.
I’m pleased to report that all four of our initial HALO projects which received $13.5 million total are now moving forward…
Could the region see these exorbitant prices decline? The report states perhaps.
Four major procurements that comprise the remaining construction packages for the new tunnel are also impacted by the federal funding pause.
In an email to all HGAR members earlier today, 2026 HGAR President Rey Hollingsworth Falu announced that Nash had “suddenly and tragically passed away.”
Perhaps the most impactful element of the governor’s State of the State is her direct confrontation with regulatory delay.
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.
“The housing sector is not out of the woods yet,” said NAR Chief Economist Lawrence Yun.
Single-family homes led the market with 3,229 closed sales, reflecting a 1.4% increase over the previous year.
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.
At the helm is City Council Speaker Julie Menin, who will continue to shape the council’s agenda and legislative priorities.
In connection with Wishnie’s retirement, County Executive Jenkins announced that current Director of Operations Joan McDonald has been promoted to Deputy County Executive.
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