The SALT deduction cap is quadrupled from $10,000 to $40,000 for households earning under $500,000. However, the bill does not eliminate the marriage penalty.
In April, existing-home sales in the Northeast fell 2.0% from March to an annual rate of 480,000, identical to April 2024.
Across several counties, April brought a surge of new interest, particularly in the Bronx, Rockland, and Putnam counties
Located at 4180 Carpenter Ave. in The Bronx is a 64-unit building for mostly women-headed households.
The $96-million project, led by WBP Development LLC, will consist of an eight-story residential building with 108 units and a four-level detached parking garage.
Willow at the Ridgeway, which is located at 23 Bishop W.J. Walls Place, is replacing two vacant public housing buildings.
The report revealed that 24% of recent home buyers were purchasing for the first time, a significant drop from 32% last year.
This step in the organizational reshaping includes a staffing makeover that will impact 41 positions and eliminate 20 open roles that were redundant or that could be integrated elsewhere in the organization.
NAR forecasts mortgage rates will average 6.4% in 2025 and 6.1% in 2026.
Buyers paid 14.4% as a share of purchase price and $29,900 on average in 2024, up from 14.2% and $27,200 in 2023.
While growth in the city was faster than statewide growth (6.5%) and metropolitan area growth (7.4%), it lagged the nation’s overall 10.3% rate of housing growth.
Sarah Lee, the CEO of Think Dutchess and the Executive Director of the Dutchess County Industrial Development Agency, will join HVEDC in April as its new Executive Vice President of Strategic Initiatives.
Based in Elmsford, Feeding Westchester distributed a record-breaking 23.2 million pounds of food last year and served 19.4 million meals to neighbors in need.
The policy introduces a new category of exempt listings called “delayed marketing exempt listings.”
“Reliable and flexible transit options, like microtransit, are essential. They connect people to jobs, education, health care and vital services.”
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