NYPA will immediately begin evaluation of technologies, business models, and locations for this first nuclear power plant and will secure the key partnerships needed for the project.
WASHINGTON—Pending home sales increased by 1.8% in May from the prior month and 1.1% year-over-year, according to the National Association of Realtors Pending Home Sales report released earlier today (June 26.)
All four U.S. regions experienced month-over-month increases—most notably the West. Year-over-year, contract signings rose in the Midwest and South, while they fell in the Northeast and West.
“Consistent job gains and rising wages are modestly helping the housing market,” said NAR Chief Economist Lawrence Yun. “Hourly wages are increasing faster than home prices. However, mortgage rate fluctuations are the primary driver of homebuying decisions and impact housing affordability more than wage gains.”
Regarding regional differences, Yun added, “The Northeast's housing shortage is boosting home prices, with more than a quarter of homes selling above list price. Conversely, more inventory in the South gives home buyers greater negotiation power. Price declines in the South should be considered temporary given the region's strong job creation.”
NYPA will immediately begin evaluation of technologies, business models, and locations for this first nuclear power plant and will secure the key partnerships needed for the project.
The Mid-Hudson region had the highest aggregate value of new projects of any region with $2.4 billion, followed by the Finger Lakes ($1.8 billion), Long Island ($1.4 billion), and Western New York ($832 million).
Located at 23 Bishop W.J. Walls Place, Willow at The Ridgeway will replace three vacant public housing buildings with a new eight-story, all-electric, 100% affordable building with 92 units for seniors.
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