News
Governor Unveils Massive New Housing Plan at Creedmoor Site in Queens
The largest investment in Eastern Queens in 70 years promises to transform the 58-acre state-owned campus into 2,873 units of new housing, with 55% designated for homeownership.
Report: Taxpayers Moving Out of State Spiked in 2020, Led by Those Leaving NYC
In 2021, the net number of taxpayers leaving the State was still higher than in 2019 at every income level, with the greatest increases for those with incomes over $500,000 (more than double that in 2019) and at incomes below $50,000 (76 percent greater than 2019).
Middle Class Workers, Not Millionaires Moving Out of New York
COVID, not taxes, drove 2,400 millionaire households out of New York in 2020-21. Yet New York gained 17,500 millionaire households in the same period, a 7x increase that belies tax migration theories.
U.S. Pending Home Sales Fell to Record Low in October
Pending home sales dropped 1.5% in October, the lowest level since NAR started tracking pending sales more than 20 years ago. But a turnaround could be sight.
Gov. Hochul Requests Major Federal Disaster Declaration for Damage in NYC Region Caused by September Torrential Rains
Federal Assistance would enable New York, Long Island and the Mid-Hudson Region's communities and small businesses to deal with the fallout from flooding, debris and damage from six inches of rain in 24 hours.
Report: The South Bronx Posts Impressive Economic Growth Despite Pandemic Challenges
Public-private investment kept mom-and-pop stores open, provided safe and quality housing for residents, and decreased historic poverty levels — and boosted jobs and businesses by 25% and 20%, respectively.
FHFA Raises Conforming Loan Limit Values for 2024
New one-unit CLL values in the Bronx, Manhattan, Westchester, Rockland and Putnam counties will be $1,149,825.
Westchester LDC, IDA Boards Approve Financing Deals For New York Blood Center, Senior Housing Projects
The former Avon Headquarters will be redeveloped into a new $108 million facility for the New York Blood Center and Crescent Manor Ossining, a new $44.5 million affordable housing project.
U.S. Existing-Home Sales Fell 4.1% in October
Existing home sales fell year over year all over the United States, down 14.6% to a seasonally adjusted rate of 3.79 million completed transactions that include single-family homes, townhomes, condominiums and co-ops.
New York City Unveils $42-Billion Kips Bay Health Care Hub Project Master Plan
First-of-its-kind life sciences career and education hub revealed as part of the SPARC Kips Bay Master Plan, with a new economic impact analysis with the potential to create 15,000 jobs.
BBVA to Relocate New York City Headquarters to 74,000 SF at Two Manhattan West
BBVA plans to move to Two Manhattan West, the trophy office skyscraper in the Manhattan West development by the end of 2024.
National Association of Realtors Installs 2024 Leadership
Tracy Kasper, president, Kevin Sears, president-elect and 18 other national and regional vice presidents assumed their offices at NAR NXT in Anaheim.