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Guest Opinion: How to Fix New York City’s Housing Crisis

Guest Opinion: How to Fix New York City’s Housing Crisis

by John Ketcham | Feb 22, 2024 | Current News & Events, Guest Opinion, Real Estate News, U.S. Housing Market, WRE News Exclusive

John Ketcham is a fellow and director of cities at the Manhattan Institute for Policy Research. This article is adapted from written testimony submitted today before the U.S. House of Representatives’ Subcommittee on Housing and Insurance hearing “Restoring Prosperity...
Fewer Listings, Fewer Home Sales in New York State

Fewer Listings, Fewer Home Sales in New York State

by Phil Hall | Feb 22, 2024 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The inventory of homes for sale across New York State shrank by 10.2% in January from 39,544 homes available in 2023 to 35,492 units on the market in 2024, according to new data from the New York State Association of Realtors. This marked the 11th consecutive month...
Fewer Listings, Fewer Home Sales in New York State

New York State Ends 2023 with Record-Low Home Inventory

by Phil Hall | Jan 19, 2024 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

New York State’s housing market came to the end of 2023 with the lowest-ever recorded inventory of homes. The New York State Association of Realtors (NYSAR) reported an all-time low of 24,469 units in December, a 17.8% decline in the 29,768 homes available in December...
New York Attorney General Seeks Lifetime Ban for Trump from the State’s Real Estate Industry

New York Attorney General Seeks Lifetime Ban for Trump from the State’s Real Estate Industry

by Phil Hall | Jan 5, 2024 | Commercial Real Estate News, Current News & Events, Industry Updates, Real Estate News, WRE News Exclusive

New York Attorney General Letitia James is seeking a lifetime ban on former President Donald Trump from the real estate industry in the state, along with a $370 million fine against Trump and his companies. According to combined media reports, James is also seeking...
Fewer Listings, Fewer Home Sales in New York State

New York State’s Inventory of Homes for Sale at Record Low

by Phil Hall | Dec 22, 2023 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Homebuyers looking for property in the Empire State found themselves facing a historic residential drought last month, according to data from the New York State Association of Realtors (NYSAR). The state’s inventory of homes for sale plummeted to an all-time low of...
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