Mayor de Blasio announced today that his administration financed 34,160 affordable homes last year, setting a new high-water mark for affordable housing production in New York City. This includes a record for both new construction, with 10,099 new homes financed
Homebuyer demand remained strong in the Empire State during May as closed sales set a record for the month at 10,704, surpassing the record set last May by 4.6 percent, according to the housing market report released today by the New York State Association of REALTORS®. The statewide median sales price continued its upward climb, increasing by 7.1 percent compared to last May.
Strong buyer demand, coupled with the ongoing decline in the number of homes for sale, fueled a 7.8 percent increase in the April statewide median sales price, according to the housing market report released today by the New York State Association of REALTORS. Inventory constraints also led to a 5 percent decline in home sales for the month compared to April 2016.
The Massachusetts Association of Realtors® Charitable Foundation Awards $13,500 in 2017 Spring Housing and...
The Massachusetts Association of Realtors® Charitable Foundation recently announced the 2017 recipients of its spring Housing and Homeless Assistance Grants. The following 17 charities were nominated by local Realtor® Associations and then selected to receive a share of $13,500 in grants based on their initiatives to provide affordable housing, shelter and other emergency care services within Massachusetts
The New York City Housing Authority (NYCHA), the New York City Department of Housing Preservation and Development (HPD) and the New York City Housing Development Corporation (HDC) today announced the selection of two teams to develop 100 percent affordable housing apartments for seniors and families at NYCHA’s Betances Houses V and VI in the Mott Haven neighborhood of the South Bronx
Gillibrand, with 41 Senate Colleagues, Urges Appropriations Committee to Designate $3.3 Billion to HUD...
U.S. Senator Kirsten Gillibrand, with 41 Senate colleagues, urged federal appropriators to include $3.3 billion in federal funding for the U.S. Department of Housing and Urban Development’s (HUD) Community Development Block Grant (CDBG) program in the Fiscal Year (FY) 2018 budget. CDBG is a federal program that provides communities with resources to address a wide range of unique community development needs.
The home sales growth trend continued in New York State during January with the 8,472 closed sales setting a new high-water mark for the month, according to the housing market report released today by the New York State Association of REALTORS. The January statewide median sales price of $250,000 represents an increase of 8.7 percent from a year ago.
A record-setting November market pushed the New York State home sales total to 118,730, surpassing the 2015 annual mark of 116,671, according to the housing market report released today by the New York State Association of REALTORS. Closed home sales set a new record for November reaching 10,547 for the month, an increase of nearly 9 percent from November 2015. The November 2016 statewide median sales price of $240,000 represents an increase of 6.7 percent from a year ago
Flatiron Partnership Unveils Sixth Annual Flatiron: Where Then Meets Now Report Detailing Real Estate...
The Flatiron/23rd Street Partnership Business Improvement District (BID) today released its sixth annual Flatiron: Where Then Meets Now report showcasing the significant development and growth of the commercial and residential sectors in the district.
With 11,736 closed home sales across the Empire state in July, the housing market remained strong despite lagging behind the July 2015 total, according to the housing market report released today by the New York State Association of REALTORS®. The statewide median sales price increased by 8.1 percent compared July 2015.
The Federal Reserve Bank of New York today issuedRegional Household Debt and Credit Snapshots, which examine borrowing and indebtedness trends throughout the Federal Reserve’s Second District, and are analogous to the national Quarterly Report on Household Debt and Credit. They include data about mortgages, home equity lines, student loans, credit cards, auto loans, and delinquencies for New York City and each of its boroughs, as well as metro areas throughout New York State, northern New Jersey, and western Connecticut.
With a nearly 10-percent increase in home sales compared to May 2015, the New York State housing market posted its 16th consecutive month of growth compared to the same month in the prior year, according to the housing market report released today by the New York State Association of REALTORS. The statewide median sales price grew by 3.2 percent compared to a year ago.
The Federal Reserve Bank of New York today released results from its February 2016 SCE Housing Survey, which provides information on consumers' housing-related experiences and expectations. The survey shows a modest decline in home price growth expectations. However, the majority of households still view housing as a good financial investment. Mortgage rate expectations have declined since last year’s survey, and renters’ perceived access to mortgages has become easier.
HPD RELEASES NEW BUILDING DESIGN GUIDELINES TO REQUIRE THOUGHTFUL QUALITY DESIGN IN AFFORDABLE HOUSING...
HPD's updated guidelines respond to changing market conditions and encourage the use of emerging best practices in affordable housing construction, such as active design, energy-efficiency and flood resistant construction.
The New York Power Authority Board of Trustees has approved an electric rate cut for municipalities, schools and public agencies in New York City and Westchester County. The trustees approved a $4.8 million reduction, or 3.6 percent, for the fixed-cost component of the rates for NYPA governmental customers in New York City, which include the City of New York, the Metropolitan Transportation Authority, New York City Housing Authority, New York State Office of General Services and Port Authority of New York and New Jersey
Closed sales of residential properties in New York State grew by 8 percent in 2015 to reach 116,671, marking three consecutive years of sales exceeding the 100,000 mark, according to the annual housing market report released today by the New York State Association of REALTORS. The 2015 annual median sales price of $230,000 represents a 2.2-percent increase from 2014.
Statement From Deputy Mayor Alicia Glen And NYCEDC President Maria Torres-Springer on 2015 Venture...
Reports on PricewaterhouseCoopers LLP and the National Venture Capital Association’s analysis of Venture Capital funding indicate that $5.95 billion of venture-capital funding was invested in New York City companies in 2015, up 62 percent from the $3.67 billion invested in 2014. In total, there were 395 venture-capital deals in 2015, up from 367 the previous year.
The New York Power Authority, partnering with New York City, has upgraded the lighting system at the Staten Island Zoo and Staten Island Museum. The $280,000 energy efficiency project will save the city nearly $30,000 in annual energy costs and remove 110 tons of harmful greenhouse gas emissions from the atmosphere every year. The energy-saving LED fixtures are closer to natural light, giving new life to the museum exhibits.
More than one in twelve dwellings in New York City – a total of 272,533 homes – are crowded, according to “Hidden Households,” a new report released today by New York City Comptroller Scott M. Stringer. All told, that means that a total of 1,476,746 New York residents lived in a crowded or severely crowded dwelling in 2013, at a ratio of 5.42 persons per crowded household
New York State closed home sales, selling price and pending sales all continued to grow during August, according to the housing market report released today by the New York State Association of REALTORS®. Closed sales grew by 4.3 percent compared to last August, while the median sales price jumped 7.4 percent and pending sales were up 10.8 percent.
The New York State housing market posted healthy gains in nearly all categories including sales, median selling price and pending sales during the first half of 2015, according to the housing market report released today by the New York State Association of REALTORS. Closed sales were up 3.4 percent in the first six months of 2015 compared to the same period last year, while the median sales price increased 3 percent and the number of pending sales jumped more than 12 percent.
The New York statewide median home selling price reached $226,500 in May, an increase of 6.2 percent compared to last May, according to the housing market report released today by the New York State Association of REALTORS. May closed sales declined by 2.6 percent compared to May 2014.
Today’s giant block party marked the end of a month-long series of events showcasing the Market vendors and the rich history of one of the city’s premier cultural destinations. Currently, the Market boasts a wide range of culinary products from a diverse array of vendors, including bakers, chocolatiers, meat purveyors, grocers, restaurateurs and others.
The Federal Reserve Bank of New York today released results from its 2015 SCE Housing Survey. The findings reveal that home price growth expectations were largely unchanged from last year’s survey, with households, on average, expecting a 4.4 percent growth in home prices over the next year.
Home sales and selling prices continued on an upward trend in April, according to the housing market report released today by the New York State Association of REALTORS. The April 2015 sales total of 7,207 units was up 1.3 percent from April 2014.