NAR: Existing U.S. Home Sales Decreased 4.9% in January, But Increased Year-Over-Year for Fourth Consecutive Month
In January, existing-home sales in the Northeast fell 5.7% from December to an annual rate of 500,000, up 4.2% from January 2024.
In January, existing-home sales in the Northeast fell 5.7% from December to an annual rate of 500,000, up 4.2% from January 2024.
Inventory for almost all property types declined in all regions in January, but Rockland County saw a huge co-op inventory gain of 63.6% and 29.9% for condos.
The foundation’s 2024 events included a series of popular Pub Nights in various locations throughout the Bronx and Hudson Valley, its popular “Dancing with the Foundation” dance competition gala, individual donations, and corporate sponsorships
The predominant risks for DOB’s forecast are policies that may be implemented by the new federal administration, including those related to tariffs and the extension of the expiring provisions of the Tax Cuts and Jobs Act.
NYPA will construct the first major commercial office building in Westchester County in nearly a half-century.
Currently, localities must conduct a survey of rental housing they propose to regulate and demonstrate that the vacancy rate is below 5%. This bill leaves that option in place, but creates an alternative method.
HGAR strongly opposes Good Cause Eviction, arguing it limits landlords' ability to manage properties. Automatic lease renewals, rent restrictions, and legal hurdles could discourage investment, shrink rental inventory, and raise costs for both landlords and tenants.
According to the unofficial election results from the Westchester County Board of Elections, Jenkins garnered 64% (57,590 votes) to Sculti’s 36% (32,956 votes) with 100% of the votes counted.
The 20-year Riverdale resident got his real estate license in 2014 and began working with a local brokerage. After just three years, he decided to branch out on his own.
In the past five years, from 2019 to 2024, the median home price rose by 49.9%.
Sejdi noted that HGAR will be implementing the key initiatives in the association’s Strategic Plan, which was worked on and completed in 2024.
The highest number of closed sales occurred in Suffolk County with 12,913, followed by Nassau County with 9,748, and Westchester County with 7,127.
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