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.
WASHINGTON—Pending home sales in October increased by 1.9% from the prior month and fell 0.4% year over year, according to the National Association of Realtors Pending Home Sales Report released today.
Month-over-month pending home sales rose in the Northeast (2.3%, Midwest (5.3%) and South (1.4%) and declined in the West (1.5%). Year-over-year pending home sales increased in the Midwest and South, and decreased in the Northeast and West.
October’s Realtors Confidence Index survey shows that 17% of NAR members expect an increase in buyer traffic over the next three months, down from 20% September and 19% one year ago. Meanwhile, 16% expect an increase in seller traffic, down from 19% last month and 19% in October 2024.
“The Midwest shined above other regions due to better affordability, while contract signings retreated in the more expensive West region,” said NAR Chief Economist Lawrence Yun. “Days on the market typically lengthen from November through February, providing better negotiating power to buyers during the holiday season.”
“Job gains in September, following the data blackout, are reassuring and suggest the economy is not slipping into a recession,” Yun added. “This may boost confidence in future homebuying.”
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.
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.
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