All members of the FOMC voted in favor of the 25-basis-point cut with the exception of newly appointed member Stephen I. Miran, who preferred to lower the target range for the federal funds rate by 50 basis points.
NAR has now launched the Pro-Property Platform, a system designed to strengthen federal political advocacy by allowing direct-to-candidate contributions to be tagged as pro-housing and pro-property rights.
This incentive has long been a vital program support. By offsetting potential vacancy costs while applications are pending it makes landlords more willing to participate in CityFHEPS.
Just days after HGAR hosts its annual Legislative Breakfast on Oct. 6, voters, policymakers, and industry stakeholders will turn their attention to the NYC General Election Debate Series.
With the advent of artificial intelligence and the increased use of sophisticated algorithms in software and real estate platforms, the risks in violating antitrust law and engaging in anticompetitive behavior increase exponentially and must be carefully considered and assessed.
The Charter Review Commission is also recommending the creation of an independent Land Use Appeals Board. This board would offer an alternative avenue to challenge zoning and planning decisions, creating a formal process for appeals outside of the judicial system.
Another important provision in the OBBBA raises the SALT deduction cap from $10,000 to $40,000 for taxpayers earning less than $500,000, effective from 2025 to 2029, before reverting to $10,000 thereafter.
The One Big Beautiful Bill Act includes multiple NAR-championed provisions designed to support homeownership, drive investment in housing supply, and strengthen the real estate economy.
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