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.
Across major U.S. markets, elevated amounts of vacant space in office and some industrial markets present tenants with leverage to negotiate favorable lease terms. However, the window to capitalize on market dislocation may be closing.
“Layoff plans fell last month, certainly a positive sign. That said, job cuts in November have risen above 70,000 only twice since 2008: in 2022 and in 2008.
Increasing the exemption from 50% to 65% could translate into savings of up to $300 annually for the average senior.
One of the key pieces of legislation discussed was Intro 1120, sponsored by Councilmember Julie Farías, that would establish clear timelines for cooperative boards to process, review, and issue decisions on co-op purchase applications.
As part of the approved plan, the developer will donate the historic Field Home building and a surrounding 3.05-acre portion of the property to the Town of Yorktown for preservation and reuse.
Existing-home sales are projected to rise 1.7% in 2026 to 4.13 million, a small but notable gain after a nearly flat 2025 and one of the slowest sales periods in nearly 30 years.
Arbitrarily cutting off supply could exponentially increase energy rates at a time when we can least afford it. It could also destabilize our regional economy.
Lingering inflation risk and the likelihood that we’ll avoid a recession will keep the Fed from cutting more than the markets have already priced in.
The Village of Mamaroneck is also exploring zoning changes to the industrial area to allow for work/live units, retail and recreational uses.
The three casino license proposals will now be reviewed by the full New York State Gaming Commission, which is expected to vote on the projects before year-end.
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