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Month: July 2020

Jul 2020

Washington County towns undertaking assessment project

FORT EDWARD — Fort Edward is joining with five other Washington County towns in a project to review assessments and bring them up to 100% market value. GAR Associates, with headquarters in Buffalo, has been hired to “create fair and equitable property assessments” for the 2022 assessment roll, according to a press release sent out …

Jul 2020

NY Appellate Court Enforces 60-Day Deadline for Local Governments to Require PILOT Agreements from Solar Developers

The Appellate Division of the New York courts has affirmed that a local governmental taxing authority must notify a solar project developer within 60 days from when the developer first notifies the authority of its plans to construct a solar facility that the authority intends to require the developer to enter into a Payment in …

Jul 2020

What will the rest of the year spell for the housing market?

Mending from the sudden sharp drop in activity due to the coronavirus crisis, real estate across the United States is heating up, rekindled by growing demand and insufficient supply. The National Association of Realtors’ (NAR) pending home sales index, a future-looking indicator of completed sales based on signed contracts, posted a staggering comeback in May, the latest month …

Jul 2020

Clarkstown review board deals blow to Palisades Center on tax grievance

The Palisades Center, already saddled with economic hardships and stymied by an inability to reopen under the state’s pandemic-related guidelines, has been dealt another blow. The mega-mall’s owner lost a grievance seeking to cut its tax bills in half, according to documents obtained by The Journal News/lohud through a Freedom of Information request. The July 1 determination by the five-person Clarkstown …

Jul 2020

The Coming Housing Crisis Is Already Here

Millions of renters and homeowners could face evictions and foreclosure as many have trouble paying their bills in the recession. With temporary job losses turning permanent and the unemployment rate still at double digit rates, many families do not earn enough to make ends meet. They often rely on government assistance, but that government help in all forms …

Jul 2020

Analysis: What pandemic? The local housing market is hotter than ever

The coronavirus pandemic hasn’t made the Buffalo Niagara housing market sick. As illogical as it sounds at a time when unemployment is in the double-digits and higher than it has been since the early 1980s, the local housing market is hot and it keeps getting hotter. “Don’t write off the Buffalo housing market,” said Susan …

Jul 2020

Construction Watch: Cornerstore Lofts

The former Bethlehem Presbyterian Church located at 340 Bird Avenue is on its way towards a residential future. Michael Pietrocarlo purchased the circa-1909 church in 2015 for $375,000. He is teaming with developer Mark McGroarty on the project with 12 one to three-bedroom residential units that are expected to be sold as condominiums. A half …

Jul 2020

America’s housing market is so far unfazed by recession

America’s housing market is behaving oddly. Residential property—worth $35trn, slightly more than America’s stockmarket—seems strangely oblivious to the economic carnage around it. House prices in May were 4.3% higher than a year earlier. That rate of growth is only marginally below the average since the end of the housing crash a decade ago. Prices in …

Jul 2020

Strong Majority of Realtors® Say Market Is in Recovery Phase of Pandemic as Buyers Return

WASHINGTON (July 9, 2020) – After enduring months of setbacks brought on by the coronavirus pandemic, a new survey from the National Association of Realtors® shows that more than nine in 10 of its members believe they are in the process of recovering as many states start to reopen their economies. NAR’s 2020 Market Recovery Survey polled …

Jul 2020

Niagara Falls Housing Authority plans makeover of 59-year-old town homes

Plans are afoot for a major renovation of Jordan Gardens, one of Niagara Falls’ oldest public housing projects. But the Niagara Falls Housing Authority hopes to use that work to trigger a general makeover of the Highland Avenue area in the heart of one of the region’s poorest neighborhoods. The authority disclosed Monday that it …

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