The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($806,500 or less) increased to 6.31% from 6.30%.
New York recorded the lowest turnover rate among the top 50 metros, with only around 10 out of every 1,000 homes selling in the first nine months of the year.
The share of first-time buyers in the market has contracted by 50% since 2007—right before the Great Recession. The implications for the housing market are staggering.
Williams says uncertain outlook indicates Fed will maintain restrictive policy until inflation reaches 2% on sustained basis.
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.
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.
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.
The projects, when completed, will involve approximately $1 billion in upgrades to Route 17 in Orange and Sullivan counties.
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.
Town Supervisor Tom Diana of Yorktown passed away suddenly on January 5 at the age of 66.
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.
The exclusive listing was offered for $18.5 million and was represented by Houlihan Lawrence Commercial Associate Real Estate Broker John Ravetto.
Neuhaus replaces the Association’s outgoing president Erie County Executive Mark Poloncarz. The association announced the start of Neuhaus’ term on Jan. 2.
Yonkers Mayor Mike Spano re-appoints Susan Gerry as Deputy Mayor, Yonkers' first female Deputy Mayor, and transitions Deputy Mayor Anthony Landi to Interim Commissioner. of Housing and Buildings.
DEP is a top taxpayer throughout the watershed region, paying taxes on the full-assessed value of land, structures, easements and most water supply infrastructure across 230,000 acres owned or controlled by New York City.
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