“At this critical stage of the housing market, it is all about mortgage rates,” said NAR Chief Economist Lawrence Yun.
The report warns that if Westchester fails to address its growing housing shortfall, the county could lose between 8,400 to 12,000 jobs annually and $533 million to $742 million in annual earnings.
The move effectively keeps congestion pricing tolls in effect through at least June 9.
The median rent has risen 20.2%, from $1,409 in March 2019 to $1,694 in March 2025.
These requirements aim to balance seller choice with the need for a transparent, cooperative marketplace, ensuring buyers and agents have equitable access to property information.
Westchester County consistently leads the market with the highest median sale prices, peaking at $1,031,500 in June 2024 before settling at $860,000 in March 2025.
This event will bring together major stakeholders to strategize how to realize Rockland’s housing potential while maintaining the character of existing neighborhoods.
The event is geared toward real estate professionals, landlords and community advocates and will include identifying sources of income discrimination.
In his new role, Irace will focus on cultivating strategic partnerships, recruiting new investment to the region, and promoting development opportunities.
The purchaser, Larry Regan of Regan Development Corporation, will be developing the site with a three-story building consisting of 12 units of affordable housing with covered parking.
Leveraging advanced AI tools and real-time validation checks, agents can reduce listing creation time by up to 82%.
Looking ahead, the second quarter of 2025 is expected to bring a modest increase in listing activity as would-be sellers grow more comfortable with the new normal of interest rates and recalibrated expectations.
This year's winners were William “Bill” Flagg, Realtor, ERA Queen City Realty, Scotch Plains, NJ; Ennis Antoine, Managing Broker, Keller Williams West Atlanta, Atlanta, GA; and Greg Kiely, Cape Cod, MA.
At times of great uncertainty, consumers may put off making big decisions like buying a home or car, and businesses may delay investing until they have a better sense of what the future holds.
An additional lane will ease congestion to tourist destinations and support local businesses that rely on efficient transportation for deliveries.
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