“My computer model is indicating that (for) home sales, the worst is over. The worst in inventory is over. I think the recession probability is still slim,” Yun said.
“Home buyers are slowly entering the market,” said NAR Chief Economist Lawrence Yun.
Reviewing February’s closed sales of single-family homes, only Rockland County and The Bronx saw gains of 7.1% and 4.2%, respectively.
“My computer model is indicating that (for) home sales, the worst is over. The worst in inventory is over. I think the recession probability is still slim,” Yun said.
Reviewing February’s closed sales of single-family homes, only Rockland County and The Bronx saw gains of 7.1% and 4.2%, respectively.
OneKey MLS has emerged as the go-to-location for essential data on the New York metro area and is an indispensable resource for real estate professionals and consumers across the region it serves.
Apicella noted that the Trump administration seems intent on eliminating or severely cutting back on federal green energy funding, which he said is critical to many new development projects.
Earlier this year, Pantone, a world-renowned company that provides color standards for design, printing, fashion and other industries, revealed its 2025 Color of the Year as Mocha Mousse, a rich, earthy brown.
The HGAR Global Council will be holding Global Chats in the near future and is also planning its annual Global Summit to be held in November.
Inventory for almost all property types declined in all regions in January, but Rockland County saw a huge co-op inventory gain of 63.6% and 29.9% for condos.
NYPA will construct the first major commercial office building in Westchester County in nearly a half-century.
Sejdi noted that HGAR will be implementing the key initiatives in the association’s Strategic Plan, which was worked on and completed in 2024.
Sullivan County’s December sales of single-family homes increased by 49.1%—the highest in the six-county region.
Rates at 6% are the new normal, and from a historical perspective they’re completely fine, especially given the strength of the economy and inflation adjusted wage gains over the past few years.
On the state and local levels, the real estate industry coped with high demand, low inventory and volatile interest rates as the Federal Reserve tried to battle inflation.
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