Total housing inventory registered at the end of March was 1.33 million units, up 8.1% from February and 19.8% from one year ago (1.11 million).
Median sales prices of single-family homes throughout the Bronx and lower Hudson Valley all saw gains, with Sullivan County at an 18.3% hike from last year’s $299,998 to $335,000.
Regionally, on a year-to-date basis, new home sales were up 12.9% in the South, but were down 32% in the Northeast, 18.3% in the Midwest and 6% in the West.
Among the awarded projects, the Mid-Hudson and New York City regions secured a combined $92.1 million in funding.
One bill establishes the New York State first home savings program to allow first-time homebuyers to open saving accounts that would be eligible for personal income deductions.
Gov. Hochul said the current limit of $10,000 on state and local taxes in New York State costs New Yorkers up to $12 billion a year.
New York continues to be the nation’s financial capital with more than twice as many securities industry jobs as its closest competitor California (102,100) in 2023.
To achieve Climate Smart Community certification, local governments accumulate points for planning and implementing actions that reduce greenhouse gas emissions and improve community resilience in the face of worsening impacts of climate change.
The scoreboard for the Mid-Hudson region is that a total of 39 municipalities have submitted letters of intent and 19 others have been certified as a “Pro-Housing Community.”
The changes of particular concern and interest to the ABG and its members are the proposed reduction in freshwater wetlands protection from the current 12.4 acres to 7.4 acres.
The capital funding provided to the Metropolitan Transportation Authority will be earmarked towards the utility relocation contract for Phase 2 of the expansion project, which will deliver subway service to residents of East Harlem.
Under previous law in New York State, deed theft itself was not a crime.
Data shows that from 1996-2021, the Hudson Valley region lost a net total of 146,763 people to out migration, which calculates out to 5% of the Hudson Valley’s population.
The board expects to make decisions by Dec. 1, 2025, followed by commission licensure by Dec. 31, 2025.
The Department of Financial Services sent a “Circular Letter” on Monday to all insurers advising them of the prohibitions.
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