Ten-Plus Counties New York Homebuyers Loved in 2025
Putnam County, home to Carmel and Southeast, came out on top with a 15.6% increase in home sales from 2024.
This deepening crisis means that without interventions aimed at significantly ramping up affordable housing supply, the city's affordability gap could linger for generations.
Construction is scheduled to begin in the first quarter of 2026 with production operations anticipated to start in January 2027.
The redevelopment will complement the City of Beacon’s efforts to foster greater connectivity between the waterfront, Beacon Station and Main Street.
The mayor’s veto puts the $4-billion project to be built at Bally’s Golf Links at Ferry Point in the Bronx back in the running among six other applicants for up to three downstate gaming licenses.
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%.
Cappelli estimated that with the NYPA project, the total Hamilton Green development cost will be approximately $900 million.
Pending sales in the Northeast increased incrementally even though home price growth in the region has been the strongest in the country.
The court also ruled that New York’s prohibition on the installation of fossil-fuel equipment does not concern the “energy use” of covered products as defined by EPCA and is therefore not preempted.
If the Town Hall renovation and expansion project moves forward, the town would interview bid respondents in September and October and possibly issue a formal Request for Proposals in November of this year.
Market dynamics continue to reflect high competition at the entry level and slower movement in the luxury tier.
Closed sales for all properties edged down 6.0% year-over-year to 3,972 transactions, with single-family home closings down 4.6%.
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.
Receive original business news about real estate and the REALTORS® who serve the lower Hudson Valley, delivered straight to your inbox. No credit card required.