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.
A new historic district in Harlem, an industrial manufacturing complex in Poughkeepsie as well as the largest public housing complex in the Bronx are all candidates for recognition.
New state-of-the-art facility to replace outdated buildings in $400 million project planned by New York State Dormitory Authority.
The Bronx Chapter of the Hudson Gateway Association of Realtors teamed up with the Castle Hill YMCA to distribute presents on Christmas Day to 85 children from 32 local families in need.
Project to start by April 2024 to retrofit facility, build a new warehouse and redevelop an underutilized property.
New legislation mandates district-level production targets for housing and eases restrictive laws and zoning rules.
Although each has a unique view, all agree the residential real estate market in the Hudson Gateway Association of Realtors market area will improve in 2024.
Our mission is to give back in the communities where our members live and work, so we can help our neighbors.
Mid-Hudson MLS adds 1,400 agents and 350 offices to OneKey® MLS, and enables every professional to access data seamlessly from Montauk to Manhattan to the Hudson Valley.
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.
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).
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.
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.
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