New York’s DOS licensing rules treat marketing and communications as part of the regulated brokerage business. Telemarketing compliance therefore connects directly to broker supervision obligations.
The Gaming Commission also approved a rule change that altered the term of the casino license depending on the amount of investment.
The IDA has requested the State Inspector General remove the monitor due to his “unlawful” veto that it asserts was made under political pressure from New York State Senator James Skoufis.
Contract activity fell more sharply in the high-priced regions of the Northeast and West, where elevated mortgage rates have appreciably cut affordability.
WASHINGTON —Pending home sales retracted 5.5% in December—following four consecutive months of increases—the National Association of Realtors reported today (Jan. 30). All four U.S. regions experienced month-over-month losses in transactions, with the most significant fall in the West. Year-over-year, contract signings fell in all four U.S. regions, with the Midwest seeing the largest decrease.
The Pending Home Sales Index slid 5.5% to 74.2 in December. Year-over-year, pending transactions declined 5.0%. Last year’s cyclical low point occurred in July 2024 at 70.2. An index of 100 is equal to the level of contract activity in 2001.
“After four straight months of gains in contract signings, one step back is not welcome news, but it is not entirely surprising,” said NAR Chief Economist Lawrence Yun. “Economic data never moves in a straight line. High mortgage rates have not significantly dented housing demand due to greater numbers of cash transactions.”
“Contract activity fell more sharply in the high-priced regions of the Northeast and West, where elevated mortgage rates have appreciably cut affordability,” Yun added. “Job gains tend to have greater impact in more affordable regions. It is unclear if heavier-than-usual winter precipitation impacted the timing of purchases.”
The Northeast PHSI fell 8.1% from last month to 62.3, down 1.3% from December 2023. The Midwest index shrunk 4.9% to 74.3 in December, down 6.9% from the previous year.
The South PHSI slipped 2.7% to 90.6 in December, down 5.1% from a year ago. The West index tumbled by 10.3% from the prior month to 57.7, down 5.1% from December 2023.
The Gaming Commission also approved a rule change that altered the term of the casino license depending on the amount of investment.
The IDA has requested the State Inspector General remove the monitor due to his “unlawful” veto that it asserts was made under political pressure from New York State Senator James Skoufis.
The Maybrook award will allow for the development of the Switchyard Terminal for Economic and Advanced Manufacturing (STEAM) Rail & Business Park at the long-vacant Maybrook Rail Yard.
Heading into 2026, it is clear that inflation is above the Federal Reserve’s 2% goal and the labor market is showing continued signs of weakening...
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