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New York State Housing Inventory at Historic Low

New York State Housing Inventory at Historic Low

by Phil Hall | Jan 27, 2025 | Market Snapshot, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

New York State’s housing inventory dropped to a historic low while home sales and prices increased. According to date from the New York State Association of Realtors, housing inventory fell 2.6% year-over-year in December to 23,198, the lowest number of homes for sale...
New York State Housing Inventory at Historic Low

New York State Housing Inventory at 8-Month Low

by Phil Hall | Dec 20, 2024 | Market Snapshot, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Two words for buyers looking for homes in New York State: good luck! According to data from the New York State Association of Realtors, the inventory of homes for sale across the state dropped to the lowest point since March – only 26,152 units were available last...
New York State Considers Expanding CRA Law to Cover Nonbank Mortgage Lenders

New York State Considers Expanding CRA Law to Cover Nonbank Mortgage Lenders

by Phil Hall | Dec 18, 2024 | Market Snapshot, Mortgage Information, News/Current Events, Real Estate News, WRE News Exclusive

The New York State Department of Financial Services (DFS) is proposing to expand the state’s version of the Community Reinvestment Act (CRA) to include nonbank mortgage lenders. DFS Superintendent Adrienne A. Harris raised the idea by pointing to the increased...
New York State Considers Expanding CRA Law to Cover Nonbank Mortgage Lenders

New York State Home Prices Up for 16th Straight Month

by Phil Hall | Nov 21, 2024 | Market Snapshot, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Home prices in New York State soared in October as home sales continued to decline. According to data from the New York State Association of Realtors, the median price of a home statewide rose 11% last month to $415,000, up from $374,000 in October 2023. This marked...
Report: $560 Million in Cost Overruns on New Buffalo Bills Stadium

Report: $560 Million in Cost Overruns on New Buffalo Bills Stadium

by Phil Hall | Nov 18, 2024 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

The new Highmark Stadium for the NFL’s Buffalo Bills is still on target for a June 2026 opening, but its projected costs have hemorrhaged to $2.1 billion – more than $560 million over its initial estimate. The Associated Press reports taxpayers funding for the project...
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