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
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Market
NAR: Existing-Home Sales Fell 2.7% in June; Northeast Sales Dropped 8% Last Month
More supply is needed to increase the share of first-time homebuyers in the coming years even though some markets appear to have a temporary oversupply at the moment.
Market
NAR’s Yun Predicts 14% Home Sales Increase in 2026
Yun predicted that existing home sales would rise approximately 3% this year, but jump 14% higher in 2025.
Market
Big City Exodus: Report Finds Majority of Shoppers Looking to Relocate for Budget and Lifestyle
Notably, big cities New York (71.7%), Boston (72%), and Chicago (72.6%) joined the top 10 metros with the highest out-of-market search rates.
Market
NAR Launches New Member-Exclusive Market Statistics Dashboard with Forward-Looking Affordability Analysis
The Dashboard also includes forward-looking analysis on how many households could qualify to buy a median-priced home if mortgage rates fall to 6%.
Market
International Buyers Purchased $56 Billion Worth of U.S. Homes from April '24 to March '25
Due to stubbornly high mortgage rates, a greater share of international home buyers paid cash—47% compared to 28% among all buyers.
Market
JLL Report: Westchester County’s Office Market Posts Strongest Second Quarter Activity Since 2021
Leasing activity surged this quarter to over 360,000 square feet, a 45% increase from the first quarter of this year, with renewals representing 57% of executed transactions.
Market
Report: Residential Real Estate Markets Across Lower Hudson Valley Continue to Show Signs of Strength, Stability in Second Quarter
The report noted that in Westchester County, the luxury segment remains particularly strong, with significant buyer activity in the $2-million-and-above category.
Market
NAR: Northeast Pending Home Sales Rose 2.1% in May
Year-over-year, contract signings rose in the Midwest and South, while they fell in the Northeast and West.
Market
Realtor.com: Typical NY Metro Household Needs to Spend Nearly 67% of Income on Median-Priced Home
San Diego, San Jose, New York, and Boston also saw affordability ratios well above 60%.
Market
HGAR May 2025 Housing Report: Regional Market Stays Competitive as Prices Climb and Inventory Shifts
The median price of a single-family home in Westchester rose to $999,000 in May, up 2% from a year ago, underscoring just how resilient demand remains.
Market
NAR: Existing-Home Sales Report Shows 0.8% Increase in May; Northeast Sales Grew More Than 4%
The median existing-home price for all housing types was up 1.3% to $422,800 from one year ago ($417,200).
Market
OneKey MLS: Steady Market Prices and Increases in New Listings Regionwide for May 2025
New listings for single-family homes increased by 3.8% compared to last May, with 5,801 homes hitting the market in May alone.