“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.
As Vice President of Sales and Luxury, he will oversee Houlihan Lawrence’s sales efforts across Westchester, Fairfield, and Putnam counties.
Ricciuti has been serving her community as a real estate agent for more than 40 years.
Klaber is a Managing Director and Head of Direct and Co-Investments at Rockefeller Capital Management, where she is responsible for sourcing, vetting and structuring private investment opportunities.
Williams joined the company in 2018 as Head of Digital and was promoted to Vice President in 2020.
This step in the organizational reshaping includes a staffing makeover that will impact 41 positions and eliminate 20 open roles that were redundant or that could be integrated elsewhere in the organization.
The annual Albany Lobby Day serves as a critical forum for real estate professionals to press legislators on issues that impact homebuyers, renters and property owners across New York.
NAR forecasts mortgage rates will average 6.4% in 2025 and 6.1% in 2026.
Buyers paid 14.4% as a share of purchase price and $29,900 on average in 2024, up from 14.2% and $27,200 in 2023.
While growth in the city was faster than statewide growth (6.5%) and metropolitan area growth (7.4%), it lagged the nation’s overall 10.3% rate of housing growth.
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