Gov. Hochul Gets It: A State of the State That Moves New York Forward—Faster, Smarter and More Competitively
Perhaps the most impactful element of the governor’s State of the State is her direct confrontation with regulatory delay.
Market
143 articles
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Market
NAR: U.S. Pending Home Sales Declined 0.4% in July
Even with modest improvements in mortgage rates, housing affordability, and inventory, buyers still remain hesitant.
Market
Realtor.com: Only 13% of Homes on the Market in NYC Metro are Affordable for a Typical Household
While wages have risen 15.7% in the same time frame, they haven't kept pace with borrowing costs.
Market
HGAR: July Market Sees Stable Prices and Signs of Balance Emerging
In July, inventory saw small gains in some counties, but the market is still tight overall.
Market
NAR: Northeast Existing-Home Sales Rose Nearly 9% in July
The ever-so-slight improvement in housing affordability is inching up home sales.
Market
OneKey MLS: Prices Climbed in NYC Metro Region While Sales Eased Amid Mortgage Pressures in July
Despite the dip in closings, prices continued to rise: the median sales price for single-family homes jumped 7.3% to $775,000.
Market
NAR: Three Out of Four Metro Areas Posted Home Price Increases in Second Quarter of 2025
Home prices have been rising faster in the Midwest, due to affordability, and the Northeast, due to limited inventory.
Market
Report: Hudson Valley Rent-Wage Gap Continues to Widen
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.
Market
Report: NYC Rents Have Skyrocketed: Bronx Rent Up 61% Since 2019
This deepening crisis means that without interventions aimed at significantly ramping up affordable housing supply, the city's affordability gap could linger for generations.
Market
Mortgage Applications Fall to Lowest Level Since May
The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($806,500 or less) decreased to 6.83% from 6.84%.
Market
NAR: Pending Home Sales in Northeast Rose 2.1% in June, Defying National Trend
Pending sales in the Northeast increased incrementally even though home price growth in the region has been the strongest in the country.
Market
HGAR June 2025 Housing Report: Prices Hit New Highs as Market Navigates Inventory Shifts
Market dynamics continue to reflect high competition at the entry level and slower movement in the luxury tier.
Market
OneKey MLS: NYC Regional Home Sales Fell 6% in June as Markets Faced Ongoing Inventory Constraints
Closed sales for all properties edged down 6.0% year-over-year to 3,972 transactions, with single-family home closings down 4.6%.