by Robert Smith | Sep 4, 2025 | Real Estate News, Housing Market, Housing Statistics, National Association of Homebuilders
Key Takeaways: New-Home Affordability in Central & Western NY (2025) Syracuse (Onondaga County proxy): The median new home is $516,253; income needed is about $185,280. Roughly 89.2% of households cannot qualify. Rochester: Median new home $559,998; income needed...
by Robert Smith, Lic. RE Broker/Instructor, CDEI | Aug 19, 2025 | Housing Market, Real Estate News
Key Takeaways: Suburban Housing Supply Crisis The suburban housing supply crisis is weakening the link between rising home prices and new construction. NAHB research shows regulations add nearly $94,000 to the price of a new home. Zoning and permitting delays create...
by Robert Smith, Lic. RE Broker/Instructor, CDEI | Aug 4, 2025 | Real Estate News
Quick Facts: Down Payment Assistance in Syracuse, NY Minimum Down Payment (FHA) 3.5% Minimum Down Payment (Conventional) 3% with qualifying credit VA Loan Down Payment 0% for eligible buyers Down Payment Assistance (DPA) Range Up to $30,000 (grant or forgivable loan)...
by Robert Smith | Jul 31, 2025 | Real Estate News
Key Feature Details Bill Name Renewing Opportunity in the American Dream (ROAD) to Housing Act of 2025 Sponsors Sen. Elizabeth Warren (D-MA) and Sen. Tim Scott (R-SC) Total Funding $250 Billion Main Goals Increase housing supply, lower costs, expand modular housing...
by Robert Smith, Lic. RE Broker/Instructor, CDEI | Jul 24, 2025 | Real Estate News
Key Point Details Sales Trend Existing home sales fell 2.7% in June 2025, marking a 9-month low Mortgage Rates Rates remain near 7%, but are expected to drop later in 2025 or early 2026 Agent Attrition Over 100,000 agents have left the industry since 2022 Market...
by Robert Smith | Jul 19, 2025 | Real Estate News, Uncategorized
Feature Details Bill Name Housing for U.S. Act Funding Source $250B from Fannie Mae & Freddie Mac sale Target Income Up to 150% of Area Median Income (AMI) Housing Units Up to 3.5 million Labor Requirement Union labor Long-Term Use Deficit reduction after 10 years...
