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Realtors Expect Continued Strong Housing Market in 2022

January 20, 2022

WHITE PLAINS—After residential sales volume in the Hudson Gateway Association of Realtors’ market area reached historically high levels in 2021, brokers expect continued strong sales activity this year, although not at the feverish pace the industry enjoyed in the midst of the COVID-19 pandemic. To say there are headwinds facing Realtors and consumers in 2022…

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A Conversation with Orange County IDA Executive Director Bill Fioravanti

January 20, 2022

The embattled Orange County Industrial Development Agency is in the midst of implementing reforms in response to a corruption scandal that rocked the agency and the county’s business community last year with guilty pleas by two of its chief administrative officers and a member of its Board of Directors. Shortly after the three individuals— Orange…

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Gov. Hochul Calls for Environmental Study of Future Conversion of Route 17 to I-86

January 13, 2022

ALBANY—The prospect of major upgrades—including the construction of what business and government leaders say is a much-needed third lane on portions of Route 17 in Orange and Sullivan counties—just got a step closer. Although not included in her State of the State speech on Jan, 5, accompanying material given to state lawmakers included a directive…

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Great Point Studios Opens Lionsgate Studios; Announces $500M Expansion in Yonkers

January 12, 2022

YONKERS—Great Point Studios officially opened the doors to its long-awaited Lionsgate Studios Yonkers on Jan. 11 at 45 Wells Ave. and announced that it will move forward with a more than $500-million expansion plan nearby. The expansion project announced by Great Point Studios Founder and CEO Robert Halmi calls for a 1-million-square-foot facility that will…

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Slowing Fourth Quarter Sales Did Not Derail Record 2021 Housing Market

January 4, 2022

WHITE PLAINS—Residential sales in 2021 in the counties served by OneKey MLS, Inc. reached a historic peak. This, despite a slowing of sales in the fourth quarter in all areas served by OneKey MLS with the exception of Bronx County. Arguably, some of the slowdown can be attributed to the dearth of inventory in the…

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Existing U.S. Home Sales Rose 1.9% in November; Northeast Sales Flat Compared to October Volume

December 27, 2021

WASHINGTON—Existing U.S. home sales rose in November, denoting three consecutive months of increases, according to the National Association of Realtors. Three of the four major U.S. regions reported growth in monthly sales, while the fourth region—the Northeast—held steady in November. From a year-over-year perspective, only one region experienced a rise in sales as the three…

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Gov. Hochul Signs Bill Package to Combat Housing Discrimination in Response to Newsday’s Expose

December 22, 2021

ALBANY—New York Gov. Kathy Hochul signed a legislative package on Dec. 21 totaling nine bills geared at combating housing discrimination and addressing issues raised in a Newsday expose entitled “Long Island Divided.” The centerpiece of the legislation is the Anti-Discrimination in Housing Fund that will permit the state to conduct fair housing testing. Other initiatives…

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NAR Predicts Higher Home Sales, Prices and Rates in 2022

December 16, 2021

WASHINGTON—As part of the National Association of Realtors’ Real Estate Forecast Summit held on Dec. 15, real estate economists and experts predict a continued strong market, marginal improvement in the nation’s for-sale inventory crisis and higher interest rates. The virtual program began with an opening address by 2022 NAR President Leslie Rouda Smith, followed by…

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Realtors Expect Robust, Not Supercharged Housing Market in 2022

December 16, 2021

NEWBURGH—The consensus from a panel of veteran New York Realtors is that while some headwinds exist for the housing market in 2022, conditions are favorable for continued strong sales and rising prices. One panelist said that despite a slowdown in sales, “there is still a lot of meat on the bone” in the current strong…

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MTA Awards Contract for Nearly $3B Metro-North Penn Station Access Project

December 16, 2021

NEW YORK—The Penn Station Access Project, which has been widely supported by politicians and business interests in the Bronx and Westchester has reached a critical stage—the award of a contract to undertake the work that will provide direct Metro-North service from the Bronx, Westchester and Connecticut to Penn Station and Manhattan’s west side. Penn Station…

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Rep. Maloney Says SALT Cap Reform is on the One-Yard Line

December 6, 2021

BEDFORD HILLS—At a press conference earlier today (Dec. 6), U.S. Rep. Sean Patrick Maloney (D-18) expressed confidence that the reform of the unpopular SALT Cap is at hand. There have been reports that Senate Democrats are at odds over the particulars of how to reform the SALT Cap, which is to be part of President…

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Danskammer Energy Appeals State’s Air Permit Denial

November 29, 2021

NEWBURGH—While environmental groups and state politicians, including Gov. Kathy Hochul praised the decision in late October by the New York State Department of Environmental Conservation to deny a key air permit for the Danskammer Energy project here, key business, trade and economic development organizations have lined up in support of Danskammer’s recently filed appeal of…

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Ossining, Haverstraw Win $10-Million Downtown Revitalization Awards

November 23, 2021

OSSINING—Downtown revitalization efforts in the Village of Ossining and across the Hudson in the Town of Haverstraw each got a $10-million infusion of cash. New York Gov. Kathy Hochul announced at an event held at the Joseph G. Caputo Community Center here on Nov. 22 that Haverstraw and Ossining will receive $10 million each in…

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Bronx Housing Market Thrived in 2021; Activity to Remain Strong in 2022

November 18, 2021

Bronx's thriving real estate market showed no signs of slowing in the third quarter of 2021. The dwindling housing supply and rising demand have resulted in a steady flow of transactions throughout the summer months. The Bronx has also been one of the hardest hit by the COVID-19 pandemic, with the highest job losses among…

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A Conversation With Bronx Borough President-Elect Vanessa Gibson

November 18, 2021

Real Estate In-Depth recently interviewed and posed “Five Questions” to New York City Council Member and former New York State Assemblywoman Vanessa L. Gibson, who will be taking office in January 2022 as the new Borough President of the Bronx, succeeding Ruben Diaz Jr. who decided not to run for re-election after serving three terms.…

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