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First-Time Buyer

Real Estate
Home Sales Plummet, Prices Hit New January Record: How Tariffs Could Drive Costs Higher Home Sales Plummet, Prices Hit New January Record: How Tariffs Could Drive Costs Higher
Home Sales Plummet, Prices Hit New January Record: How Tariffs Could Drive Costs Higher Home sales fell in January as prices continued soaring, showing the financial strains potential buyers are facing. Existing-home sales declined 4.9 percent from December 2024 to a seasonally adjusted annual rate of 4.08 million in January, the National Association of Realtors (NAR) said in a news release on Friday, Feb. 21. The median home price climbed 4.8 percent year-over-year to $396,900, the highest amount ever in a month of January. In the Northeast, sales fell 5.7 percent from December to an annual rate of 500,000 homes, though they increased 4.2 percent from January 2024. The m…

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by Chris Spiker
Real Estate
$10M Put To Affordable Housing In Downtown Of This Westchester City $10M Put To Affordable Housing In Downtown Of This Westchester City
$10M Put To Affordable Housing In Downtown Of This Westchester City Westchester County is taking a major step forward in addressing the need for affordable housing with a $10 million allocation for the purchase of property in downtown White Plains, officials announced.  The Land Acquisition Act, signed by new County Executive Ken Jenkins on Tuesday, Jan. 7, will fund the redevelopment of two buildings located at 99 Church St. and 6 Cottage Pl. in White Plains. The project will create 108 affordable homeownership units for first-time buyers and include 89 parking spaces.  "We are continuing on our path to create as many affordable housing opportun…

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by Ben Crnic