• AI Data Centers Enter Homebuying

    New York recently enacted a statewide ban on new large AI data centers, showing how strongly the issue has entered housing and neighborhood conversations.
    The move reflected how politically charged data center development has become, as homebuyers increasingly treat nearby large facilities as a meaningful neighborhood consideration.
    Across the broader housing conversation, resistance has extended beyond noise or looks, with attention turning to traffic and pressure on power and water systems.
    The issue also has moved earlier in buyer conversations, with some shoppers asking whether major data center construction is planned near homes they consider.
    For New York housing professionals, the development highlights a practical point: infrastructure questions can shape neighborhood appeal, so early site-specific due diligence matters.

  • America’s Top Long-Term Investment Pick

    In a recent US poll on best long-term investments, Real Estate led at 38%, ahead of stocks or mutual funds at 20%.
    Gold followed at 18%, while savings accounts or CDs drew 12%, bonds 4%, and cryptocurrency 2%, showing Americans still value familiar assets.
    Experts said the results reflect trust and familiarity: homes feel stable, and Real Estate is the investment many Americans understand most clearly.
    For many households, a home works like a savings tool: mortgage payments build equity over time, while gradual appreciation has supported long-term wealth building.
    Experts said long-term investing works best without either-or choices: gold can diversify, while savings accounts and CDs near ~4% mostly keep pace with inflation.

  • New York is sending out $2B in property tax relief: Here’s who qualifies and when payments arrive

    New York is sending out $2B in property tax relief: Here’s who qualifies and when payments arrive

    New York homeowners will receive over $2 billion in property tax relief through the STAR program. Nearly 3 million residents qualify, with payments delivered via tax bill credits or separate checks, depending on eligibility. Basic STAR requires a primary residence and income under $500,000; Enhanced STAR is for seniors with income under $110,750. Long Island receives the largest share, followed by Mid-Hudson and New York City.

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  • Governor Hochul Announces More Than $38 Million Awarded To 49 Projects Through Second Round Of County Infrastructure Grant Program

    Governor Hochul Announces More Than $38 Million Awarded To 49 Projects Through Second Round Of County Infrastructure Grant Program

    New York State awarded over $38 million to 49 county-led infrastructure projects through the County Infrastructure Grant Program, supporting economic development and housing. Grants up to $1 million fund water, sewer, road, and utility upgrades, enabling the construction of more than 3,200 new homes statewide. Projects span regions including the Capital Region, Central New York, Finger Lakes, Long Island, Mid-Hudson, Mohawk Valley, North Country, Southern Tier, and Western New York.

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  • Lower Rates Could Support US Buyers

    Mortgage rates are higher than earlier in 2026, but still below 2025 levels, which may help more buyers qualify for loans today.
    The condo market is now showing stabilization after weakness in 2025, with improved affordability drawing buyers back in some metro areas again.
    An economist says many homeowners are gaining housing wealth, especially where inventory remains tight and comparatively affordable markets keep attracting buyer attention.
    Regional conditions still matter: tight supply supports Northeast markets, while the Midwest benefits from relatively affordable pricing compared with costlier areas elsewhere.
    For buyers preparing to move, improving mortgage conditions may expand options, making qualification conversations with lending professionals especially important now in today's market.

  • Seller Concessions Reach a New US Peak

    Having spent over 25 years as a broker here in Westchester County, I’ve seen firsthand how seller strategies evolve, but the recent shift is particularly striking. In the rolling three-month period ending mid-Q3, about 45% of home sales across the US involved sellers offering concessions—the highest mid-Q3 share we’ve seen since at least 2020. That’s up from roughly 43% a year ago, a clear sign that buyers are gaining more leverage as inventory rises and competition eases nationwide. Concessions these days go beyond simple price cuts, too—they might include help with repairs, closing costs, or even mortgage-rate buydowns, all of which can make a real difference when it comes to lowering the total cost of buying a home. Sellers are now competing with credits and rate buydowns as much as with price reductions, giving buyers greater flexibility in structuring their deals. Nationally, around 16% of homes sold in mid-Q3 included both a price reduction and a concession, opening up more ways for buyers to make that important step into homeownership.

  • Vacation Homes Make Up 3.5% of New York State Housing

    Vacation Homes Make Up 3.5% of New York State Housing

    Vacation homes in the U.S. peaked at 5.47 million in 2018 but declined to 4.74 million in 2024, now making up 3.3% of housing. Timeshares have higher occupancy (79.9%) than hotels (62.3%), efficiently using vacation properties. Florida has the most vacation homes, while Maine and Vermont have the highest concentration. In New York State, vacation homes constitute 3.5% of housing, totaling about 301,000 units.

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  • New York Awards $38M for County Infrastructure Projects Supporting Housing Growth

    New York Awards $38M for County Infrastructure Projects Supporting Housing Growth

    New York State awarded over $38 million to 49 county-led infrastructure projects, supporting the development of more than 3,200 new homes. Grants offer up to $500,000 for priority projects and $1 million for housing-related infrastructure. Since November 2024, the program has distributed over $74 million to nearly 100 projects. An additional $50 million is allocated for a third funding round under the FY 2027 budget.

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  • El mercado inmobiliario de Nueva York gana impulso en julio

    El mercado inmobiliario de Nueva York gana impulso en julio

    El mercado inmobiliario de Nueva York mostró crecimiento en julio, con un aumento del 4.5% en ventas cerradas, 1.0% en ventas pendientes y 3.2% en nuevos listados respecto al año anterior. El inventario subió por decimoséptimo mes consecutivo, alcanzando su nivel más alto desde septiembre de 2022 con 33,585 viviendas, un incremento del 5.4%. El precio mediano de venta aumentó un 6.7% hasta $480,000. Las tasas hipotecarias promediaron 6.54%, ligeramente superiores a junio pero por debajo del 6.72% de julio pasado.

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  • Fed Raises Key Rate to 3.75%-4%

    The Federal Reserve has increased its key rate by 0.25%, bringing it to 3.75%-4%—the first adjustment since July 2023. With inflation still sitting above the Fed’s 2% target, officials have indicated that another rate hike could be on the horizon later this year. The next opportunity for reassessment will be at the Fed’s meeting on October 27-28, 2026. As someone who has spent more than 25 years living and working in Westchester County, I keep a close eye on these economic shifts and how they might influence real estate decisions for my clients. Every change in rates shapes our market, and understanding these moves is a key part of making confident investment choices.