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NYC’s Historic Aqueduct Racetrack Closed; Future of 210-Acre Site Uncertain

NYC’s Historic Aqueduct Racetrack Closed; Future of 210-Acre Site Uncertain

by Phil Hall | Jun 29, 2026 | Commercial Real Estate News, Current News & Events, Real Estate News, WRE News Exclusive

New York City’s Aqueduct Racetrack, the site for countless classic moments in thoroughbred racing, closed on Sunday after 132 years in operation. According to combined media reports, the Queens-based venue is being shuttered as part of the New York Racing...
New York State Housing Inventory Records 15th Straight Month of Annual Growth

New York State Housing Inventory Records 15th Straight Month of Annual Growth

by Phil Hall | Jun 22, 2026 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Inventory levels across New York State recorded a 3.2% year-over-year increase, climbing from 29,540 units in May 2025 to 30,489 homes on the market last month. According to the New York State Association of Realtors, May was the fifteenth consecutive month of annual...
Report: NY Attorney General Investigating Compass Over Potential Antitrust Issues

Report: NY Attorney General Investigating Compass Over Potential Antitrust Issues

by Phil Hall | Jun 3, 2026 | Current News & Events, Industry Updates, Real Estate News, WRE News Exclusive

New York Attorney General Letitia James is reportedly conducting an investigation of Compass International Holdings (NYSE: COMP) regarding its dominance in the state’s real estate market. The Real Deal first reported the probe by the antitrust division of James’...
New York State Passes Pied-à-Terre Tax Aimed at NYC’s Luxury Second Homes

New York State Passes Pied-à-Terre Tax Aimed at NYC’s Luxury Second Homes

by Phil Hall | May 28, 2026 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The New York State legislature has approved Gov. Kathy Hochul’s proposal to enact a new tax on second homes in New York City valued at $5 million or more. The Wall Street Journal reports the so-called “pied-à-terre tax” is part of the state’s budget legislation and...
New York State’s Housing Inventory Expands, But Sales Remain Down

New York State’s Housing Inventory Expands, But Sales Remain Down

by Phil Hall | May 20, 2026 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

New York State’s housing inventory totaled 28,058 properties in April, a 4.7% increase from the 26,796 available units one year earlier. According to the New York State Association of Realtors, this marked the highest number of homes available since last November....
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