The need for affordable community housing is a fact of life in most communities across the country, certainly in every village and town on the East End of Long Island.... more
During her State of the State address last week, Governor Kathy Hochul announced a statewide strategy to build 800,000 new homes over the next decade, including overriding the wishes of towns and villages that refuse to rezone and approve higher-density development near train stations. Dubbed the New York Housing Compact, the strategy includes local participation requirements and incentives to achieve housing growth in every community across the state. “New York faces a housing crisis that requires bold actions and an all-hands-on-deck approach,” Hochul said. “Every community in New York must do their part to encourage housing growth to move our ...
by Staff Writer
Sotheby’s International Realty’s 2023 Luxury Outlook reports that the appeal of luxury real estate remains strong in spite of interest-rate hikes. As the Federal Reserve and other central banks worldwide have raised interest rates in hopes of staving off inflation, they have created a drag in the housing market overall, according to the report. However, buyers are still eager for prime property, especially if they feel they are getting a deal, Sotheby’s found. “If it’s priced in the right range, and it’s a special property, it’s still moving,” said Chris Klug, a broker and partner at Aspen Snowmass Sotheby’s International ...
by Staff Writer
on Sep 8, 2021