HGAR’s Orange County Day featured a Legislative Power Hour with County Executive Steve Neuhaus, who addressed a packed room with his trademark energy.
New York’s housing ecosystem is at an inflection point. Affordability pressures, development bottlenecks, small-property owner challenges, regulatory changes, and aging housing stock are all converging at the same time.
In terms of existing home sales, NAR now expects a 3% increase in 2025 as compared to 2025, while it anticipates a 14% jump in existing sales in 2026 as compared to this year.
Mayor Patterson-Howard’s vision for Mount Vernon and beyond aligns closely with HGAR’s mission—to advocate for strong, vibrant communities where opportunity and homeownership are within reach for all.
HUD has a contingency plan that keeps many housing programs alive, though often in a reduced capacity, while others face serious disruption.
Our industry represents one-fifth of US GDP. It drives economic growth and enables millions of Americans to build intergenerational wealth. However, too many in the industry think they are the economic engine and wealth creator—they aren’t.
The $8-billion Metropolitan Park casino project to be developed adjacent to Citi Field in Queens by billionaire New York Mets owner Steve Cohen advanced today thanks to a unanimous 6-0 vote by its CAC.
Lower mortgage rates are enabling more homebuyers to go under contract.
The Resorts World New York City proposal features a 5.6 million-square-foot integrated resort that will allow for 6,000 slot machines, 800 gaming tables, 2,000 hotel rooms, a 7,000-seat arena, over 7,000 parking spaces and over 30 food and beverage outlets.
When a building sits empty, it not only blights the landscape but also erodes a community’s tax base.
The average 30-year fixed-rate mortgage in August was 6.59%, according to Freddie Mac, down from 6.72% in July and 6.50% one year ago.
With the 5-0 CAC affirmative vote, the Yonkers project now advances for full consideration with the New York State Gaming Location Board.
The agreement underscores the continued strength of Lower Manhattan’s office market, of which Brookfield Place comprises approximately 10% of inventory.
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