Market
NAR: Northeast Existing-Home Sales Spiked by 8.5% in November; Prices Rose Nearly 10%
“Home sales momentum is building,” said NAR Chief Economist Lawrence Yun.
Bronx
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News
City Council Committee Approves Bronx Re-Zoning; Adams Admin. Commits to $500M in Improvements
The council successfully negotiated commitments from the Adams administration to invest $498.5 million for improvements to the surrounding neighborhoods.
News
Work Begins on $60M Affordable Senior Project in the Bronx
All of the affordable apartments in El Hogar will be available to senior households earning up to 40% of the Area Median Income.
News
Bronx EDC Launches $10-Milliion Microloan Program for Small Businesses
The new loan program builds on the Borough President and BXEDC’s commitment to support the growing small business sector in the Bronx and follows a $10-million loan program announced last fall.
Commercial
Report: The South Bronx Posts Impressive Economic Growth Despite Pandemic Challenges
Public-private investment kept mom-and-pop stores open, provided safe and quality housing for residents, and decreased historic poverty levels — and boosted jobs and businesses by 25% and 20%, respectively.
Mortgage
FHFA Raises Conforming Loan Limit Values for 2024
New one-unit CLL values in the Bronx, Manhattan, Westchester, Rockland and Putnam counties will be $1,149,825.
Bronx
Joe Simone, President of Simone Development Companies Named Centennial Chair of the American Heart Association’s Heart of New York City
Joe Simone, President of Simone Development Companies of the Bronx, has been named Centennial Chair of the American Heart Association’
Bronx
SPOTLIGHT ON: Matt Engel
Continuing the Family Legacy in Real Estate Matt Engel, President of Langsam Property Services in the Bronx, has been working
Bronx
$91-Million Williamsbridge Gardens Project Completed
NEW YORK—New York State Homes and Community Renewal Commissioner RuthAnne Visnauskas announced on July 27 the completion of Williamsbridge
Bronx
2023 SECOND QUARTER REAL ESTATE SALES REPORT Westchester, Putnam, Rockland, Orange, Sullivan and Bronx counties, New York
At the end of the second quarter of 2023, member firms of the Hudson Gateway Association of Realtors (HGAR) were
Bronx
Nuveen Acquires 10,000 Apartments in NYC, Long Island, Newark, NJ
NEW YORK—Locally-based Nuveen, the $1.1-trillion asset manager of TIAA, reported on May 9 it is acquiring a portfolio
Bronx
High Rates, Low Inventory Weigh on Regional Housing Market
WHITE PLAINS—The negative trifecta of high inflation and mortgage interest rates and low inventory continues to put a significant
Bronx
SPOTLIGHT ON: Joseph Cosintino
Entrepreneurial Spirit from a Young Age From the time Joseph Cosentino was in high school, he knew he would one