$1B State Push Brings New Affordable Housing To Albany, Hudson Valley $1B State Push Brings New Affordable Housing To Albany, Hudson Valley
$1B State Push Brings New Affordable Housing To Albany, Hudson Valley In a sweeping push to tackle New York’s housing crisis, the state is investing $1 billion to create or preserve nearly 3,000 affordable homes across 15 communities. Nearly 500 affordable apartments are set to be created or rehabilitated in the Capital Region and Hudson Valley, Gov. Kathy Hochul’s office announced Thursday, June 26. The funding, allocated through New York State Homes and Community Renewal, will support construction or preservation efforts in Albany, Yonkers, Mount Vernon, and Poughkeepsie, advancing Hochul’s five-year, $25 billion Housing Plan to build or preserve 100,000 a…
New Home Sales Sink In May, Supply Hits Three-Year High As Trump Tariffs Strain Market New Home Sales Sink In May, Supply Hits Three-Year High As Trump Tariffs Strain Market
New Home Sales Sink In May, Supply Hits Three-Year High As Trump Tariffs Strain Market New home sales plunged in May while housing supply surged to a three-year high, as rising prices, growing inventory, and the impact of President Donald Trump's tariffs deepened the US housing slowdown. Sales of new single-family homes fell to a seasonally adjusted annual rate of 623,000 in May, the US Census Bureau and Department of Housing and Urban Development said on Wednesday, June 25. That's down 13.7% from April and 6.3% from May 2024. The total also fell far below Wall Street's expectations. The Dow Jones had forecasted 695,000 sales for May, CNBC reported. The actual figur…
1.2M-Square-Foot Warehouse Proposed At Former Sheraton Crossroads In Mahwah 1.2M-Square-Foot Warehouse Proposed At Former Sheraton Crossroads In Mahwah
1.2M-Square-Foot Warehouse Proposed At Former Sheraton Crossroads In Mahwah Just weeks after the iconic Sheraton Crossroads hotel in Mahwah was imploded, redevelopment plans filed with the township show a massive new warehouse facility is proposed to rise in its place. The proposal calls for a 1.2 million-square-foot logistics center, which includes approximately 1.2 million square feet of warehouse space, plus 11,000 square feet of main office space and 1,500 square feet of shipping and receiving office space, according to site plans filed on June 16. The building would rise 40 feet high and include 175 loading dock doors and 4 drive-in doors, according to archite…
Newark Home Listed For $1 — Yes, That's Right Newark Home Listed For $1 — Yes, That's Right
Newark Home Listed For $1 — Yes, That's Right A Newark home can be yours, as long as you have a dollar to spare. The house at 28 Reynolds Pl. has been listed for $1. And while you probably can't own the home for a simple George Washington, it's created quite a stir on the real estate market. Brendan DaSilva, who listed the 3-bedroom, 2-bathroom home, said he has seen homes suffer from being overpriced, but never saw a listing suffer from being undervalued. "The market dictates value, regardless of the listing," DaSilva, who has sold nearly 1,000 homes, 400 in Newark alone, said. Since the $1 listing went up, DaSilva said he receives …
Builder Confidence Sinks Near Pandemic Low As Trump Tariffs Worry Homebuyers Builder Confidence Sinks Near Pandemic Low As Trump Tariffs Worry Homebuyers
Builder Confidence Sinks Near Pandemic Low As Trump Tariffs Worry Homebuyers Homebuilder confidence just sank to its third-lowest level since 2012 as President Donald Trump's sweeping tariffs and stubbornly high mortgage rates scare off prospective homebuyers. Builder sentiment dropped two points to 32 in June, according to the National Association of Home Builders/Wells Fargo Housing Market Index released on Thursday, June 17. That's barely above the readings of 31 in December 2022 and 30 in April 2020. In the Northeast, sentiment slipped one point to 43 on a three-month moving average. A score above 50 means more builders see conditions as good than poor…
Estate Featured In ‘Zero Day’ Starring Robert De Niro Listed For $15M In Briarcliff Manor Estate Featured In ‘Zero Day’ Starring Robert De Niro Listed For $15M In Briarcliff Manor
Estate Featured In ‘Zero Day’ Starring Robert De Niro Listed For $15M In Briarcliff Manor A stunning estate featured as a key filming location in the Netflix thriller series "Zero Day" is now on the market for $15 million. Known as Rabbit Hill, the 22-acre Westchester estate at 842 Sleepy Hollow Road in Briarcliff Manor blends old-world grandeur with modern comfort and cinematic appeal, according to its listing by Compass.  Originally built in 1929 and restored in 2016, the Georgian-style mansion recently served as a principal location for "Zero Day," a political conspiracy drama that aired in February 2025 and stars Robert De Niro, who also co-created the show.  The…
Work Begins On Upscale Village With Apartments, Shops, Ice Rink In Tuxedo Work Begins On Upscale Village With Apartments, Shops, Ice Rink In Tuxedo
Work Begins On Upscale Village With Apartments, Shops, Ice Rink In Tuxedo A massive new luxury town center is rising in the Hudson Valley, bringing high-end apartments, shops, and public amenities to Orange County. Construction has officially started on Market Square and The Village Town Center at Tuxedo Reserve, a 1,200-acre development located in the town of Tuxedo near the Sloatsburg border, designer Aufgang Architects announced on Tuesday, June 10.  The project, designed by Aufgang’s Aurae Luxury Division, will include 93 upscale rental apartments across four mixed-use buildings, with 38,000 square feet of ground-floor commercial space. The residential u…
Home Listings Surge To Record $698 Billion As Buyers Back Off Home Listings Surge To Record $698 Billion As Buyers Back Off
Home Listings Surge To Record $698 Billion As Buyers Back Off A swelling supply of unsold homes and a slowdown in buyer activity have sent the housing market to a record high — $698 billion in total listings, the largest dollar value seen in more than a decade. That figure, reported by Redfin, is based on the combined asking prices of all active home listings across the US at the end of April. It marks a 20.3 percent increase from one year ago, and the highest value since Redfin began tracking the data in 2012. Much of that growth is driven by stale inventory. More than $330 billion worth of homes have sat on the market for 60 days or longer, accordin…
$25M Sale Will Transform REI Lot In Paramus Into Multi-Family Apartment Complex $25M Sale Will Transform REI Lot In Paramus Into Multi-Family Apartment Complex
$25M Sale Will Transform REI Lot In Paramus Into Multi-Family Apartment Complex A $25 million real estate deal will bring more than 400 apartments to a site next to Bergen Town Center in Paramus, officials said. JLL Capital Markets announced the sale of the Bergen Town Center Land Site, where a 426-unit multifamily complex will be developed along Forest Avenue near Route 4. The buyer was a joint venture between Russo Development, LLC and KRE Group. The site was sold by Urban Edge Properties, JLL said in the release. The project will roll out in two phases: one with 166 units and the second with 260. Both will offer four stories of apartments over two to three leve…
Ravens Star Justin Tucker Puts $3.2M Maryland Home On Market After Release Over Scandal Ravens Star Justin Tucker Puts $3.2M Maryland Home On Market After Release Over Scandal
Ravens Star Justin Tucker Puts $3.2M Maryland Home On Market After Release Over Scandal Former Baltimore Ravens star kicker Justin Tucker’s Maryland home is set to hit the market as he prepares to hit the road. The embattled special teams star has reportedly listed his 6,480-square-foot Owings Mills home for sale for $3.2 million.  It features five bedrooms and seven bathrooms, according to the listing. The property’s HOA fees are $1,874 per year, and real estate taxes are $18,152 annually, the listing states. The exterior includes a grilling area, an outdoor pool with multiple seating areas and a converted patio with an outdoor fireplace. "Absolute perfection in W…
$6.5M Buys 116-Year-Old Greenwich Mansion — With Private Island, Boats, Stunning Views $6.5M Buys 116-Year-Old Greenwich Mansion — With Private Island, Boats, Stunning Views
$6.5M Buys 116-Year-Old Greenwich Mansion — With Private Island, Boats, Stunning Views Looking for waterfront living with a twist? A stunning home along Long Island Sound that once belonged to a Broadway star is now for sale. It offers a rare chance to own a piece of the Connecticut coast, complete with its own island that you can name.  Built in 1909, the 2,800-square-foot home sits on Rich Island in Greenwich. The half-acre of land is shaded by mature trees and surrounded by breathtaking views of the Sound. The owner can use one of the two boats moored on the private dock that comes with the $6.5 million property to get a closer look.  The property sits o…
Zillow To Block Listings That Violate New Rules: Here’s What Gets You Banned For Life Zillow To Block Listings That Violate New Rules: Here’s What Gets You Banned For Life
Zillow To Block Listings That Violate New Rules: Here’s What Gets You Banned For Life Zillow is cracking down on how real estate listings are shared, and agents who break the rules could see their listings blocked from the site for good. Starting June 30, any listing that violates Zillow’s new Listing Access Standards may be permanently removed from both Zillow and Trulia, the company said in a public announcement posted May 20. The standards are based on a simple rule: If a listing is marketed to some buyers, it should be marketed to all buyers, Zillow said. The standards are designed to support transparency and fair access, and mirror the National Association of Realtors’…
Capitol Hotel In Downtown Hartford Hits Market With No Strings Attached Capitol Hotel In Downtown Hartford Hits Market With No Strings Attached
Capitol Hotel In Downtown Hartford Hits Market With No Strings Attached A major piece of downtown Hartford real estate is officially up for grabs.  The Capitol Hotel, a nine-story, 96-room property located directly across from Union Station, is being offered for sale with no brand or management ties, making it a blank canvas for new owners. The Capitol Hotel sits at 424-440 Asylum Street and 22 Union Place, right at the edge of the city’s transportation heart, within walking distance of trains and buses and minutes from I-91 and I-84. That access makes it ideal for any new owners considering converting the hotel into apartments or condos.  The hotel …
$3.88M Lakefront Mansion Is Sussex County's Most Expensive Listing $3.88M Lakefront Mansion Is Sussex County's Most Expensive Listing
$3.88M Lakefront Mansion Is Sussex County's Most Expensive Listing A show-stopping, custom-built lakefront mansion is on the market at $3.88 million, making it Sussex County’s most expensive residential listing. Located at 1 Lakeview Point Ave. on Culver Lake in Frankford, this estate offers more than just real estate—it’s a once-in-a-lifetime opportunity to own a private luxury compound with 300 feet of pristine waterfrontage, according to listing agent Joshua Baris of NJLux. 1 Lakeview Point Ave. NJLux 1 Lakeview Point Ave. NJLux Built in 2017, the 8-bedroom, 8-bathroom home sits on 8.03 gated acres and spans over 8,000 square fee…
Home Sales Suffer Slowest April Since 2009 Amid Trump Tariffs, Rising Mortgage Rates Home Sales Suffer Slowest April Since 2009 Amid Trump Tariffs, Rising Mortgage Rates
Home Sales Suffer Slowest April Since 2009 Amid Trump Tariffs, Rising Mortgage Rates Home sales fell for the second straight month in April, dropping to their slowest pace for the month since the global financial crisis more than 15 years ago. Existing-home sales slipped 0.5% from March to a seasonally adjusted annual rate of four million homes, the National Association of REALTORS (NAR) said on Thursday, May 22. The median price for an existing home rose to $414,000, setting a new April record and marking the 22nd straight month of annual price increases. Sales hit their slowest April pace since 2009, CNBC reported. They were down 2.0% from April 2024, despite ho…
New Affordable Housing Coming To Ossining: 'Much-Needed,' Developer Says New Affordable Housing Coming To Ossining: 'Much-Needed,' Developer Says
New Affordable Housing Coming To Ossining: 'Much-Needed,' Developer Says A major step toward expanding affordable housing in Westchester County was celebrated this week as developers broke ground on a new residential complex that will offer nearly 75 new homes.  The developers of Crescent Manor, an upcoming residential complex to be located at 136-140 Croton Ave. in Ossining, have broken ground on the project, MacQuesten Development announced on Wednesday, May 21.  The development will bring 73 affordable senior apartments, plus one live-in superintendent unit, to the community in a low-rise, elevator-accessible building designed specifically to help r…
Norwich Voted CT's Top Hidden Gem, Provides 'Most Bang For Your Buck:' Survey Norwich Voted CT's Top Hidden Gem, Provides 'Most Bang For Your Buck:' Survey
Norwich Voted CT's Top Hidden Gem, Provides 'Most Bang For Your Buck:' Survey Connecticut may not be the first place that comes to mind when you're house hunting on a budget, but a new national survey found three Nutmeg State cities that offer homeowners the best value for their money. If you’re searching for an affordable place to live in Connecticut without sacrificing quality of life, Norwich tops the list. A new study by Advance America asked more than three thousand real estate professionals which U.S. cities offer the most comfort, community, and potential for happiness at the lowest cost. Related: These Massachusetts Cities Offer Maximum Value for Lowest Cost…
Westfield Tops Mass As City With 'Most Bang For Your Buck': Survey Westfield Tops Mass As City With 'Most Bang For Your Buck': Survey
Westfield Tops Mass As City With 'Most Bang For Your Buck': Survey Massachusetts may not be the first place that comes to mind for affordable living, but a new national survey highlights three cities that combine low costs with the amenities homeowners crave. Westfield, Gardner, and Fitchburg were named the best options for homebuyers in the Bay State, according to a new report by Advance America. The list, compiled after surveying more than 3,000 real estate professionals, focused on U.S. cities where residents can find affordable homes, a reasonable cost of living, and a high quality of life. While cities in Florida, Texas, and the Carolinas dominated th…
Spring Housing Market Slumps Under Trump's Tariffs, Builders Warn Spring Housing Market Slumps Under Trump's Tariffs, Builders Warn
Spring Housing Market Slumps Under Trump's Tariffs, Builders Warn Homebuilders are warning about a slow spring due to President Donald Trump's sweeping tariffs and high interest rates, according to a new survey. Builder confidence dropped sharply in May, falling to 34 on the National Association of Home Builders/Wells Fargo Housing Market Index released on Thursday, May 15. That's down six points from April, matching the low from November 2023 and marking the worst reading since December 2022. In the Northeast, sentiment slipped three points to 44 on a three-month moving average. A score above 50 means more builders see conditions as good than p…
Tell It To Your Realtor: Taylor Dayne's Former Historic Lloyd Harbor Estate Listed For $2.8M Tell It To Your Realtor: Taylor Dayne's Former Historic Lloyd Harbor Estate Listed For $2.8M
Tell It To Your Realtor: Taylor Dayne's Former Historic Lloyd Harbor Estate Listed For $2.8M It’s not every day you can live like a pop icon, but one lucky buyer just might get the chance. The former Lloyd Harbor estate of Long Island native and chart-topping singer Taylor Dayne has officially hit the market—and it’s already drawing eyes. The historic six-bedroom, five-bathroom Victorian-era stunner at 381 West Neck Road is listed for $2.875 million. Built in 1869 and designed by architect Charles Homer Davis, the 6,600-square-foot home is a certified showstopper, boasting classic Second Empire architecture with Queen Anne flourishes, a mansard roof, a truncated tower, and sprawlin…
$9.25M Grand Estate With Indoor Pool, Horse Barn, Movie Theater Hits Market In North Salem $9.25M Grand Estate With Indoor Pool, Horse Barn, Movie Theater Hits Market In North Salem
$9.25M Grand Estate With Indoor Pool, Horse Barn, Movie Theater Hits Market In North Salem A grand estate set on more than 83 acres in the heart of Westchester’s horse country is now on the market for $9.25 million, and it’s like something out of a storybook.   The property, known as Darlington Hall and located at 422 Hardscrabble Rd. in North Salem, includes a 10,000-square-foot manor home, indoor pool, horse barn, and multiple guest accommodations, according to the listing by Berkshire Hathaway HomeServices. Set behind gates and reached by a half-mile driveway, the estate is modeled after Salutation, an English country house designed by architect Sir Edward Lutyens. A…