Chief among the reform measures included in the budget was disincentivizing institutional investors from buying up one- and two-family homes.
This draft language preserves or strengthens a raft of provisions vital to housing affordability.
In a third transaction, an existing 76-unit development completed about six years ago has a new owner.
As the spring selling season approaches, the region’s home sales sector is bolstered by a noticeable increase in pending sales throughout the region.
Total existing-home sales—completed transactions that include single-family homes, townhomes, condominiums and co-ops—rose 3.1% from December to a seasonally adjusted annual rate of 4.00 million in January.
Black (26%) and Hispanic (22%) applicants experience higher denial rates for mortgage applications compared to their White (16%) and Asian (15%) counterparts,
While 62% of the National Association of Realtors is comprised of women, a little less than 20% are Broker/Owners. “We have advanced as women in leadership, but we’re still not there in terms of being equal to our male counterparts,”
In addition, the governor reported that two Orange County communities—the villages of Highland Falls and Montgomery—$4.5 million each from the NY Forward program.
Certified communities include locations in Long Island, the Mid-Hudson, Central New York, Western New York, Mohawk Valley, Southern Tier, North Country, and Capital regions.
“This year you will hear me speak about ‘Stronger Together’ because that is what we are. We are stronger together,” Bauman told the Installation Gala event gathering.
Brokers contend that companies will be attracted to Class A-type space, while properties rated at either B or C will have trouble attracting tenants.
Sears says he is committed to NAR’s work to advocate for the real estate industry. He has played a critical role in driving member advocacy efforts through RPAC.
NAR expects to appeal the case to the court of appeals if the federal judge in Missouri does not grant NAR’s motions.
The governor is proposing a new version of the 421a tax incentive in New York City to spur housing construction, as well as increased state funding for affordable housing projects.
The projects, when completed, will involve approximately $1 billion in upgrades to Route 17 in Orange and Sullivan counties.
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