The New York State housing market posted a solid first half of the year with 60,043 closed sales, falling only 3.8 percent behind the 2017 record sales pace, according to the housing market report released today by the New York State Association of REALTORS. The statewide median sales price continued to grow though the first six months of 2018, climbing 8.9 percent from the first half of 2017 to reach $262,500
Looking to foster investment opportunities between real estate stakeholders in the Philippines and the U.S., the Filipino American Real Estate Professional Association Silicon Valley chapter is organizing a trade mission to the Philippines on June 16-29. The trade mission will take participants to Manila, the country's capital, to the island of Palawan, which has the best beaches in the world, and to Vigan, a city known for its preserved Spanish colonial and Asian architecture
Focused on the 21st-century housing needs of a changing America, the National Building Museum's Making Room exhibition is poised for the first scheduled transformation of the exhibition's centerpiece-the 1,000-square-foot "Open House" built within the galleries.
While 2016 was the Big Apple’s safest year in terms of fire fatalities, 2017 experienced a 35% spike, increasing from 48 fire deaths to 73 in the year just concluded. The 2016 low corresponded with a decades-long trend than can be largely attributed to an increase in fire sprinkler system installations, as New York City regulations have consistently expanded requirements for sprinklers.
Thank you for the opportunity to submit testimony today. We all agree that there can be zero tolerance for exposing children to lead paint poisoning and recognize that this hearing responds to very legitimate concerns about conditions that should not exist in public housing. At the same time, the focus should be on fixing the underlying conditions, not on chastising NYCHA management or the Administration for a bureaucratic error. This is an opportunity for the City Council and all of us to support Shola Olatoye and her team as they struggle against great odds to preserve and renew the nation’s largest inventory of publically-owned affordable housing.
Flatiron Partnership Unveils Seventh Annual Flatiron: Where Then Meets Now Report Detailing Real Estate...
The Flatiron/23rd Street Partnership Business Improvement District (BID) today issued the seventh annual Flatiron: Where Then Meets Now report showcasing the significant development and growth of the commercial and residential sectors in the district.
New Destiny Housing Corporation, a non-profit developer of affordable housing for families, has started construction on its newest mixed income housing project – The Jennings, located on Jennings Street in the Crotona Park East section of the Bronx. The Jennings will be an eight-story building with 42 apartments affordable for low-income households from the community with 23 apartments reserved for families coming from New York City domestic violence shelters. Project completion is expected in spring 2019.
The Federal Reserve Bank of New York today issued its Quarterly Report on Household Debt and Credit,which reported that total household debt increased by $114 billion (0.9%) to $12.84 trillion in the second quarter of 2017. There were modest increases in mortgage, auto and credit card debt (increasing by 0.7%, 2% and 2.6% respectively), no change to student loan debt and a modest decline in balances on home equity lines of credit (decreasing by 0.9%).
The New York State housing market set a record high for second quarter home sales, reaching 32,444 homes sold, according to the housing market report released today by the New York State Association of REALTORS®. The second quarter statewide median sales price of $245,000 represents an increase of 6.5 percent from the 2016 second quarter
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.
he following is a statement by New York State Association of REALTORS® President Dawn M. Carpenter: “The New York State Association of REALTORS® (NYSAR) and its 55,000 REALTORS® applaud the members of the New York State Legislature for taking action to help more New Yorkers achieve the American Dream of homeownership in communities across the Empire State
The Partnership for New York City and the New York Building Congress have sent a letter signed by over 15 industry leaders asking the New York State Legislature to support design-build authorization for New York City. They reflect the broad-based support for giving city agencies the procurement and contracting tools they need to save time and money on major capital projects.
NYC Schoolchildren Deliver Signed Postcards Asking Mayor de Blasio to Place More Homeless Families...
A group of Brooklyn fourth graders from Kids for a Better Future (KBF) joined by the Coalition for the Homeless, homeless advocates and elected officials delivered at a press conference today signed postcards to Mayor de Blasio asking him to increase NYCHA housing for homeless families. Twenty-three thousand children go to sleep in shelters each night, and the children hope to persuade Mayor de Blasio to double the number of families placed in NYCHA housing each year to 3,000.
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 New York State Association of REALTORS (NYSAR) today gathered in Albany for its annual Lobby Day to raise awareness about dangerous proposals included in President Donald Trump’s federal tax plan and meet with legislative leaders to promote the NY First Home, a proposal that would allow individuals to deposit up to $5,000 a year ($10,000 a year for couples) into a first home savings account, which would be tax deductible for state income tax purposes.
The Partnership for New York City, which represents the city’s largest private sector employers, investors and leading entrepreneurs, called on the New York State Legislature to permanently extend mayoral control, lift the charter school cap and grant design-build contracting authority to New York City agencies before this legislative session concludes
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 Federal Reserve Bank of New York today released results from its February 2017 SCE Housing Survey, which provides information on consumers' housing-related experiences and expectations.
Habitat for Humanity International CEO Jonathan Reckford, New York Mets studio analyst Nelson Figueroa and Mr. and Mrs. Met helped unlock the Mets’ ballpark for the 2017 season to raise awareness and support of the critical need for affordable housing.
The New York Public Service Commission (PSC) voted today to approve the first phase of the Value of Distributed Energy Resources order, reaching a milestone in New York’s long-term vision of a modern energy system that puts customer participation and clean energy at its center
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.
The Federal Reserve Bank of New York today issued its Quarterly Report on Household Debt and Credit, which reported that total household debt increased substantially by $226 billion (a 1.8% increase) to $12.58 trillion during the fourth quarter of 2016. This marked the largest quarterly increase in total household debt since the fourth quarter of 2013, and debt today is now just 0.8% below its peak of $12.68 trillion reached in the third quarter of 2008. Every type of debt increased since the previous quarter, with a 1.6% increase in mortgage debt, 1.9% increase in auto loan balances, a 4.3% increase in credit card balances, and a 2.4% percent increase in student loan balances.
Dawn M. Carpenter, CPM of Staten Island, NY took the oath of office Monday, February 6, as the 2017 president of the New York State Association of REALTORS (NYSAR). The association’s inauguration ceremony was held in conjunction with its business meetings at The Desmond Hotel and Conference Center in Albany, NY. She will serve a one-year term in the post.
Christine “CJ” DelVecchio, CBR, GRI of Ithaca took the oath of office Monday, February 6, as the 2017 president-elect of the New York State Association of REALTORS (NYSAR). The association’s inauguration ceremony was held in conjunction with its business meetings at The Desmond Hotel and Conference Center in Albany, NY
Preet Bharara, the United States Attorney for the Southern District of New York, announced today that CARL IMMICH, formerly the property manager of Harriet Tubman Terrace Apartments, a Section 8 Housing Complex in Poughkeepsie, New York, was sentenced to 18 months in prison. United States District Judge Cathy Seibel imposed today’s sentence