Mortgage Application Payments Increased Nearly 30% Last Week as Rates Fall
The refinance share of mortgage activity increased to 59.8% of total applications from 48.8% the previous week.
There are some exciting opportunities and we are seeing these projects come across our desks in a way that we have never seen before. So, we are getting the at-bats and we are taking a swing.
On June 12, the Zoning Board of Appeals rejected an application for a height variance on the project by a 4-0 vote.
Part of the delay in recovery is because the Federal Reserve has changed its outlook and appears to be on pause for a longer period.
The report warns that if Westchester fails to address its growing housing shortfall, the county could lose between 8,400 to 12,000 jobs annually and $533 million to $742 million in annual earnings.
Across several counties, April brought a surge of new interest, particularly in the Bronx, Rockland, and Putnam counties
Chief among the reform measures included in the budget was disincentivizing institutional investors from buying up one- and two-family homes.
After that detailed and thorough consultation, we reached an outcome that promotes individual choice, while also reinforcing a system of openness for all.
Expatsi, an international research and tour group dedicated to helping people find affordable global living destinations, recently compiled a list of 10 countries where one could easily retire on just $2,000 a month.
The legislative priorities of HGAR and NYSAR were focused on assisting first-time homebuyers with rising housing costs, helping alleviate the severe housing shortage in New York State, and addressing escalating insurance costs.
Median sales prices of single-family homes throughout the Bronx and lower Hudson Valley all saw gains, with Sullivan County at an 18.3% hike from last year’s $299,998 to $335,000.
Westchester County consistently leads the market with the highest median sale prices, peaking at $1,031,500 in June 2024 before settling at $860,000 in March 2025.
The policy introduces a new category of exempt listings called “delayed marketing exempt listings.”
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