The congestion pricing program was instituted in January 2025 and during its first year in operation, congestion pricing raked in more than $550 million for the MTA’s $15-billion capital program.
If lawmakers believe that detention facilities are inconsistent with state priorities, then legislation should be considered that restricts the purchase or operation of such facilities within state borders.
As we celebrate Women’s History Month, we honor every woman who made real estate her platform for empowerment, for equity and for legacy.
“The housing sector is not out of the woods yet,” said NAR Chief Economist Lawrence Yun.
WASHINGTON—Pending home sales in December decreased by 9.3% from the prior month and 3.0% year over year, according to the National Association of Realtors Pending Home Sales Report released on Jan. 21.
Month-over-month pending home sales declined in all four regions. Year-over-year pending home sales rose in the South and declined in the Northeast, Midwest and West.
“The housing sector is not out of the woods yet,” said NAR Chief Economist Lawrence Yun. “After several months of encouraging signs in pending contracts and closed sales, the December new contract figures have dampened the short-term outlook.”
“Even after accounting for typical seasonal patterns, interpreting in-person home search activity in the winter—especially in December—can be tricky due to public holidays, people taking time off, and wintry weather conditions,” Yun added. “We’ll be watching the data in the coming months to determine whether the soft contract signings were a one-month aberration or the start of an underlying trend.”
“Data shows closing activity increased in December. However, new listings did not keep pace so inventory decreased. Consumers prefer seeing abundant inventory before making the major decision of purchasing a home. So, the decline in pending home sales could be a result of dampened consumer enthusiasm about buying a home when there are so few options listed for sale. In December there were only 1.18 million homes on the market—matching the lowest inventory level of 2025.”
The Realtors Confidence Index (RCI) survey gathers information from Realtors about local market conditions based on their client interactions and the characteristics of their most recent sales for the month. The RCI is reflective of closed sales activity for December. Findings from the latest RCI report include:
The congestion pricing program was instituted in January 2025 and during its first year in operation, congestion pricing raked in more than $550 million for the MTA’s $15-billion capital program.
TKF Burnside officials stated the firm plans to modernize and enhance the existing hospitality-level amenity offerings.
The 1.15 million-square-foot retail center, which originally housed 30 stores when it opened in 1954, is now home to more than 100 retail, dining, educational and entertainment venues.
Sherman most recently served as New York City’s Chief Equity Officer and Commissioner of the Mayor’s Office of Equity & Racial Justice.
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