Latest news (Page 59)
HGAR Leads Opposition to Implementing City of Mount Vernon Law to Increase Real Estate Transfer Taxes
With the median sales price for a single-family home in the City of Mount Vernon at $627,550 as of April, a 1.5% transfer tax translates to $9,413.25.
HGAR: New York Metro Area Home Prices Increased by More than 18% in First Quarter of 2024
New York City and the Hudson Valley continue to be among the most desirable locations in the nation, so it’s no surprise that inventory is at a premium and home prices are reflecting that.
Westchester CRE Market Ended First Quarter with Mostly Increased Activity
Boasting a vacancy rate in the low 4% and uninterrupted positive trends in rental rates, fundamentals for Westchester multifamily are strong.
Orange County Looks to Capitalize on New York State’s Investment in Clean Energy
The Orange County Partnership’s Eckert said that the latest solicitations serve as “a critical path item for advancing our clean energy future.”
NAR: New York Metro Region Posted Ninth Highest Home Price Increase in First Quarter at 18.4%
Compared to one year ago, the national median single-family existing-home price climbed 5% to $389,400. In the prior quarter, the year-over-year national median price increased 3.4%.
Yonkers IDA Grants Preliminary Approval of Incentives for Two Projects Valued at Nearly $175 Million
Located at 632-636 South Broadway, The Parker will feature 160 new units of all affordable housing in an elevator building, with on-site parking. The apartments will be priced for families with incomes at or below 80% of the area median income.
NAR’s Yun Predicts Falling Long-Term Interest Rates, Rising Existing-Home Sales in 2024
In 2022, the median net worth of homeowners was $396,200, while the median net worth of renters was $10,400.
More Than 500 Prospective Homebuyers Attend Fair and Affordable Housing Expo
“Without a doubt, this (expo) is needed now more than ever,” Zarfes said.
NY Fed Reserve Survey Reveals Increased Housing Price Growth Expectations; Renters Worry About Their Ability to Own a Home
While attitudes toward housing as a financial investment remained strongly positive, they weakened slightly from the previous year, as 67.1% of all respondents characterized buying property in their zip code as a “very good” or “somewhat good” investment.
Broadview at Purchase College Reaches Nearly 80% Occupancy
Set on 40 acres with walking and exercise trails, Broadview at Purchase College offers a full continuum of services including Independent Living, Assisted Living, Enhanced Assisted Living, and Memory Care.
NAR Practice Changes to Take Effect Aug. 17
NAR Chief Legal Officer and Chief Member Experience Officer Katie Johnson explained the deadline will provide a three-month window for NAR members and MLSs to prepare to implement the policy adjustments.
EXCLUSIVE: NYSDOT Spells Out Route 17 Expansion Study Construction Concepts in Federal Register Filing
While interchange improvements and possible multimodal upgrades are planned in the corridor, the main focus of construction would be centered at locations on Route 17 in Orange County.