The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($806,500 or less) decreased to 6.83% from 6.84%.
Cappelli estimated that with the NYPA project, the total Hamilton Green development cost will be approximately $900 million.
Pending sales in the Northeast increased incrementally even though home price growth in the region has been the strongest in the country.
The House passed its version of the Big Beautiful bill on May 22 with a provision that would raise the SALT Cap to $40,000.
PEARL RIVER—U.S. Rep. Mike Lawler (R-NY-17) announced today that in response to the draft release of the Senate version of the “Big Beautiful” bill that would keep the SALT Cap at $10,000, he will vote against the bill if it reaches the House in its current form.
The House passed its version of the Big Beautiful bill on May 22 with a provision that would raise the SALT Cap to $40,000.
“I have been clear since Day one: sufficiently lifting the SALT Cap to deliver tax fairness to New Yorkers has been my top priority in Congress,” said Congressman Lawler. “After engaging in good faith negotiations, we were able to increase the cap on SALT from $10,000 to $40,000. That is the deal, and I will not accept a penny less. If the Senate reduces the SALT number, I will vote No, and the bill will fail in the House.”
He added, “I, along with my fellow SALT Caucus members, are actively engaging with Senators, House Leadership, and the White House and am confident the deal as previously negotiated will be in the final bill that is signed into law.”
New York Democrats, including Gov. Kathy Hochul and U.S. Senator Charles Schumer, have pressed lawmakers in Washington to fully repeal the SALT cap. However, GOP Senators seem to be dialing down any hope for a repeal or even raising the cap at this point.
The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($806,500 or less) decreased to 6.83% from 6.84%.
Cappelli estimated that with the NYPA project, the total Hamilton Green development cost will be approximately $900 million.
Pending sales in the Northeast increased incrementally even though home price growth in the region has been the strongest in the country.
The court also ruled that New York’s prohibition on the installation of fossil-fuel equipment does not concern the “energy use” of covered products as defined by EPCA and is therefore not preempted.
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