Gov. Hochul Gets It: A State of the State That Moves New York Forward—Faster, Smarter and More Competitively
Perhaps the most impactful element of the governor’s State of the State is her direct confrontation with regulatory delay.
Single-family homes led the market with 3,229 closed sales, reflecting a 1.4% increase over the previous year.
New Yorkers deserve a state where they can raise a family, keep the lights on, and stay rooted in the communities they love.
Pending sales, especially the 5% jump across all property types, show buyers gaining confidence.
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Perhaps the most impactful element of the governor’s State of the State is her direct confrontation with regulatory delay.
Comptroller Levine emphasized that the Adams Administration’s FY26 spending levels, which exceed revenue, and failure to properly budget for known, re-occurring expenses, have led to unusually high budget deficit projections for FY26 and FY27.
“The housing sector is not out of the woods yet,” said NAR Chief Economist Lawrence Yun.
Another major federal development affecting real estate professionals was the postponement of FinCEN’s Residential Real Estate Reporting Rule. Originally scheduled to take effect in 2025, the rule was delayed until March 1, 2026.
At the helm is City Council Speaker Julie Menin, who will continue to shape the council’s agenda and legislative priorities.
In connection with Wishnie’s retirement, County Executive Jenkins announced that current Director of Operations Joan McDonald has been promoted to Deputy County Executive.
2025 was another tough year for homebuyers, marked by record-high home prices and historically low home sales.
The governor emphasized the continued strain rising costs place on households and positioned housing production, regulatory reform and tenant protections as central tools to address those pressures.
Another major federal development affecting real estate professionals was the postponement of FinCEN’s Residential Real Estate Reporting Rule. Originally scheduled to take effect in 2025, the rule was delayed until March 1, 2026.
At the helm is City Council Speaker Julie Menin, who will continue to shape the council’s agenda and legislative priorities.
The governor emphasized the continued strain rising costs place on households and positioned housing production, regulatory reform and tenant protections as central tools to address those pressures.
This year’s accomplishments reflect HGAR’s continued commitment to advocacy, education and engagement.
“The housing sector is not out of the woods yet,” said NAR Chief Economist Lawrence Yun.
2025 was another tough year for homebuyers, marked by record-high home prices and historically low home sales.
Homebuyer momentum is building. The data shows the strongest performance of the year after accounting for seasonal factors, and the best performance in nearly three years, dating back to February 2023.
Wage growth is outpacing home price gains, which improves housing affordability. Still, future affordability could be hampered if housing supply fails to keep pace with demand.
Comptroller Levine emphasized that the Adams Administration’s FY26 spending levels, which exceed revenue, and failure to properly budget for known, re-occurring expenses, have led to unusually high budget deficit projections for FY26 and FY27.
“The housing sector is not out of the woods yet,” said NAR Chief Economist Lawrence Yun.
In connection with Wishnie’s retirement, County Executive Jenkins announced that current Director of Operations Joan McDonald has been promoted to Deputy County Executive.
2025 was another tough year for homebuyers, marked by record-high home prices and historically low home sales.
These projects supported more than 1,500 construction jobs in addition to the retention and creation of more than 150 permanent jobs.
Industrial and commercial development sites are being delivered with zoning in place, utilities secured, and entitlement pathways clearly defined…
I leave HGAR knowing that we are now more member-centric and innovative than ever before.
Suburban multifamily, industrial, and medical office assets are likely to see the greatest bump in activity.
In connection with Wishnie’s retirement, County Executive Jenkins announced that current Director of Operations Joan McDonald has been promoted to Deputy County Executive.
Neppl is a fifth-generation Newburgh native, attorney, and a 25-year veteran of New York State government and politics.
BOMA Westchester is an affiliate of BOMA International—the oldest and largest association of the office building industry.
As Team Leader, Kane will focus on agent growth and development, as well as empowering entrepreneurs at KW Hudson Valley United…
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