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.
The properties contain a contiguous expanse of forest, wetlands, and streams, as well as 1,150 feet of frontage on the Neversink River.
The New York metro region (New York-Newark-Jersey City, NY-NJ) ranked fifth among the metro areas with the longest time to save for a down payment.
Homebuyer momentum is building. The data shows the strongest performance of the year after accounting for seasonal factors, and the best performance in nearly three years, dating back to February 2023.
I leave HGAR knowing that we are now more member-centric and innovative than ever before.
Pending sales, especially the 5% jump across all property types, show buyers gaining confidence.
Suburban multifamily, industrial, and medical office assets are likely to see the greatest bump in activity.
Neppl is a fifth-generation Newburgh native, attorney, and a 25-year veteran of New York State government and politics.
Wage growth is outpacing home price gains, which improves housing affordability. Still, future affordability could be hampered if housing supply fails to keep pace with demand.
Under legislation S.8417/A.8888 signed by Gov. Hochul, new applicants must pay 100% of the material and installation costs for gas service, as opposed to other ratepayers.
This year’s accomplishments reflect HGAR’s continued commitment to advocacy, education and engagement.
The council passed a measure requiring a timeline be set on co-op transactions, but did not include requiring co-op boards provide a reason for a denial of an applicant.
Nash has more than 20 years of experience in the Realtor association industry.
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