On June 12, the Zoning Board of Appeals rejected an application for a height variance on the project by a 4-0 vote.
The significant shelter component, comprising more than one-third of the measure's weight, increased by 3.9%. If shelter inflation were to ease to 2% or even 3%, overall inflation would already be at a comfort point for the Federal Reserve.
Small investors purchased 361,900 homes in 2024, a 3.7% year-over-year increase, while large investor purchases decreased by 8.7% to 132,500 homes, the lowest level since 2018.
Early voting for the June 2025 primary elections runs from Friday, June 14 through Saturday, June 22. Primary Election Day is Tuesday, June 24.
The newly amended PCDS must be used beginning July 1, 2025.
The board action brings greater clarity to Standard of Practice 10-5, which prohibits members of NAR from harassing any person or persons based on race, color, religion, sex, disability, familial status, national origin, sexual orientation, or gender identity.
NAR remains committed to advocating for provisions that expand opportunity, support homeownership, strengthen communities nationwide, and put the American dream within reach for more families.
The SALT deduction cap is quadrupled from $10,000 to $40,000 for households earning under $500,000. However, the bill does not eliminate the marriage penalty.
Signed into law by Gov. Kathy Hochul on May 3, 2023, as part of the 2023-2024 New York State budget bill, Section 1377 of the Public Health Law will take effect on Nov. 3, 2025.
This draft language preserves or strengthens a raft of provisions vital to housing affordability.
The survey found 61% of voters support increasing deduction limits or removing limits altogether.
These requirements aim to balance seller choice with the need for a transparent, cooperative marketplace, ensuring buyers and agents have equitable access to property information.
The annual Albany Lobby Day serves as a critical forum for real estate professionals to press legislators on issues that impact homebuyers, renters and property owners across New York.
The New York State Department of State has established clear guidelines for real estate brokers regarding the content that must be publicly available on their brokerage websites.
HGAR believes that the law could have significant consequences for both landlords and tenants.
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