News
NYSAR: 2023 Ended with Lowest Recorded Housing Inventory In New York State History
Prices continued to rise to close out 2023, with the median sales price of homes in New York State rising 10.1% to $380,000 last month.
New York City Financed a Record Number of New Affordable Homes in 2023
The HPD and HDC closed on financing for the creation of an all-time record-breaking 14,227 new affordable homes—51% of which benefited from the now-expired 421-a affordable housing tax incentive program.
Hudson Valley Credit Union to Acquire Catskill Hudson Bank
Pursuant to the merger agreement, which was approved by the boards of directors of HVCU, Catskill Hudson and Catskill Hudson Bank, Catskill Hudson stockholders will receive $40.50 in cash for each share of Catskill Hudson common stock.
NYSDOT Updates Public on Progress On Rte. 17-I-86 Conversion/Exit 122 Job
In terms of the “NYS Route 17 Mobility & Access Improvements Project” it appears the first shovel in the ground on this overall possible $1-billion project will be potentially in early 2026.
Federal Reserve Board of NY President Says Central Bank is Committed to 2% Inflation Goal
Williams says uncertain outlook indicates Fed will maintain restrictive policy until inflation reaches 2% on sustained basis.
Siena Poll: Inflation Down; Consumer Index Up in NY Over Three Points
New York’s overall Index of Consumer Sentiment is 4.4 points above the national index of 69.7, despite a 1.6-point national increase.
Orange County Partnership Officials Attend Major Semiconductor Economic Conference to Promote County as a Key Location for Investment
The Orange County Partnership attends the SEMI Industry Strategy Symposium in Half Moon Bay, CA to promote Orange County as "the bridge" between New York City and Albany, and a shovel-ready market with sites ready for major semiconductor manufacturing investment.
Manhattan Office Leasing Picked Up Steam in Fourth Quarter of 2023; NYC’s Availability Rate Rises to 20%
Leasing activity totaling 6.38 million square feet in the fourth quarter was 20% ahead of the five-year quarterly average of 5.34 million square feet.
NYSDOT to Hold Public Hearings on Jan. 17 on Route 17/I-86 Projects; Exit 122 Upgrades
The projects, when completed, will involve approximately $1 billion in upgrades to Route 17 in Orange and Sullivan counties.
Breaking News: NAR President Kasper Resigns Over Blackmail Threat; Sears Takes Over as Association President Immediately
Kasper stated in an announcement that she refused to compromise her position and in fact reported the threat to law enforcement. NAR President-elect Kevin Sears has stepped into the role of NAR President, effective immediately.
Obituary: Town of Yorktown Supervisor Passes Away Just Days After Taking Office
Town Supervisor Tom Diana of Yorktown passed away suddenly on January 5 at the age of 66.
Regional Home Sales Decline Sharply in NY Suburban Markets in 2023; For-Sale Inventory Remains Low
A confluence of economic headwinds that included high-interest rates, inflation, low for-sale inventory, as well as international conflicts and domestic political discord, took their collective toll on the residential real estate sales market.