The expiration of federal vouchers and the city’s transition to state and local replacements make this a pivotal moment for housing policy.
Home prices have been rising faster in the Midwest, due to affordability, and the Northeast, due to limited inventory.
The Out of Reach report found that the cost of housing in the Hudson Valley continues to rise faster than wages for renters and buyers.
“Mortgage rates in Trump’s first term (at 4%) were the good old days. Are we going to go back to 4%? Per my forecast, unfortunately, we will not. It’s more likely that we’ll go back to 6%.
New York City remains a top market for investment for international groups.
Some of the highlights of the two-day event included the selection of 2024 HGAR award winners, including Realtor of the Year Tony D’Anzica and Affiliate of the Year Richard Haggerty.
While Westchester still showed the highest median in the region, it did fall from a record high of $1.118 million in August to $905,051 in September.
CID President John Barrett prophetically related, “His legacy and leadership will be evident in this town 100 years from now.”
“If approved (by the court) on Nov. 26, we can finally put this in our rearview mirror,” Sears said.
Eckert of the Orange County Partnership said that national developer interest in Orange County remains “very strong” despite the present financial market volatility.
NYPA is pursuing an “aggressive” time line that projects a definitive development agreement to be reached with Hamilton Green Partners by November 2024 and the move-in to its new corporate headquarters by June 2027.
Members Day will once again feature a trade show with 50 Exhibitors.
For the build alternative that involves the construction of a general use third lane with interchange improvements and mobility and access improvements, the total cost estimate is $1,412,500,000.
Sales of single-family homes declined in all six areas, with the Bronx experiencing the largest decline at 18.5%, followed by Rockland County with a 10.6% drop.
Diaz said the rezoning and Penn Access project “will be a way for us to reimagine the whole area. We are going to end up being the paradigm of health care.”
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