Market
NAR: Existing U.S. Home Sales Rose 4.2% in February; Northeast Sales Fell 2%
“Home buyers are slowly entering the market,” said NAR Chief Economist Lawrence Yun.
Market
February Single-Family Home Median Sales Prices Rose Throughout the Lower Hudson Valley, Despite Sales Declines in Most Regions
Reviewing February’s closed sales of single-family homes, only Rockland County and The Bronx saw gains of 7.1% and 4.2%, respectively.
Featured
OneKey MLS Marks Five-Year Launch Anniversary: A Conversation with Board Chairman Mark Boyland
OneKey MLS has emerged as the go-to-location for essential data on the New York metro area and is an indispensable resource for real estate professionals and consumers across the region it serves.
Featured
Fed Policy Changes, Tariffs Could Delay or Kill Some Local Development Projects
Apicella noted that the Trump administration seems intent on eliminating or severely cutting back on federal green energy funding, which he said is critical to many new development projects.
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Latest
Market
NAR: Existing U.S. Home Sales Rose 4.2% in February; Northeast Sales Fell 2%
“Home buyers are slowly entering the market,” said NAR Chief Economist Lawrence Yun.
Viewpoints
PRESIDENT’S CORNER: A World Without the Three-Way Agreement: The High-Stakes Consequences for Local Associations
Without the Three-Way Agreement, the collective voice Realtors rely on to advocate for vital issues would be silenced.
News
NY Metro Region Secures More Than $92 Million in Funding for Affordable Housing Projects
Among the awarded projects, the Mid-Hudson and New York City regions secured a combined $92.1 million in funding.
Viewpoints
GUEST VIEWPOINT: ‘Live, Work, And Play’ Zoning is a Holistic Approach That Integrates Residential, Commercial, and Recreational Spaces
“Live, work, and play” zoning is a holistic approach that integrates residential, commercial, and recreational spaces within close proximity, fostering more sustainable and vibrant communities.
HGAR
HGAR School of Real Estate to Participate in ‘JA Inspire’ Virtual Job Fair with Junior Achievement of New York
The event is open to thousands of middle and high school students from across New York City, Long Island and the lower Hudson Valley and will bring together some 60 organizations.
Legal-Advocacy
LEGAL CORNER: Navigating Obligations for New York State Real Estate Licensees: Website Requirements and Corporate Title Prohibitions
The New York State Department of State has established clear guidelines for real estate brokers regarding the content that must be publicly available on their brokerage websites.
News
DiNapoli: Federal Funding Uncertainty Jeopardizes Up to $2 Billion of Inflation Reduction Act Funding
New York municipalities have been awarded at least $365.8 million for a variety of projects to reduce greenhouse gas emissions and other pollution and build resilience to climate change.
News
NAR: Black Homeownership Rate Sees Largest Annual Increase Among Racial Groups, Yet Still Lags White Homeownership Rate by Large Margin
While the Black homeownership rate (44.7%; +0.6 percentage points) achieved the highest annual gain among all races in 2023, it remains substantially lower than White (72.4%; +0.1 percentage points).
Legal-Advocacy
Legal-Advocacy
LEGAL CORNER: Navigating Obligations for New York State Real Estate Licensees: Website Requirements and Corporate Title Prohibitions
The New York State Department of State has established clear guidelines for real estate brokers regarding the content that must be publicly available on their brokerage websites.
Legal-Advocacy
HGAR to Hold ‘Good Cause Eviction’ Informational Session on Feb. 28
HGAR believes that the law could have significant consequences for both landlords and tenants.
Legal-Advocacy
LEGAL CORNER: The Recent Decision in Gelles v. Sauvage—A Review of Adverse Possession
For real estate professionals, particularly real attorneys and real estate agents, it is important to be aware of potential adverse possession issues that could exist when marketing a property.
Legal-Advocacy
LEGAL CORNER: The California Wildfires Effect on the Real Estate and Insurance Industries
The insurance industry will certainly bear a substantial brunt of the cost for rebuilding all of the properties destroyed in the wildfires. Unfortunately, as a result, many insurance companies will consider pulling out of these markets and substantial increases in premiums are inevitable.
Market
Market
NAR: Existing U.S. Home Sales Rose 4.2% in February; Northeast Sales Fell 2%
“Home buyers are slowly entering the market,” said NAR Chief Economist Lawrence Yun.
Market
Realtor.com: U.S. Housing Market Facing a 3.8-Million Home Shortage
For the first time since 2016, new construction activity outpaced household formations. Yet, the nation still faces a supply shortfall of 3.8 million homes.
Market
NAR: Pending Home Sales Waned 4.6% in January; Northeast Posted Slight Gain
It is unclear if the coldest January in 25 years contributed to fewer buyers in the market, and if so, expect greater sales activity in upcoming months.
Market
NAR: Existing U.S. Home Sales Decreased 4.9% in January, But Increased Year-Over-Year for Fourth Consecutive Month
In January, existing-home sales in the Northeast fell 5.7% from December to an annual rate of 500,000, up 4.2% from January 2024.
News
Market
NAR: Existing U.S. Home Sales Rose 4.2% in February; Northeast Sales Fell 2%
“Home buyers are slowly entering the market,” said NAR Chief Economist Lawrence Yun.
News
NY Metro Region Secures More Than $92 Million in Funding for Affordable Housing Projects
Among the awarded projects, the Mid-Hudson and New York City regions secured a combined $92.1 million in funding.
News
DiNapoli: Federal Funding Uncertainty Jeopardizes Up to $2 Billion of Inflation Reduction Act Funding
New York municipalities have been awarded at least $365.8 million for a variety of projects to reduce greenhouse gas emissions and other pollution and build resilience to climate change.
News
NAR: Black Homeownership Rate Sees Largest Annual Increase Among Racial Groups, Yet Still Lags White Homeownership Rate by Large Margin
While the Black homeownership rate (44.7%; +0.6 percentage points) achieved the highest annual gain among all races in 2023, it remains substantially lower than White (72.4%; +0.1 percentage points).
Viewpoints
Viewpoints
PRESIDENT’S CORNER: A World Without the Three-Way Agreement: The High-Stakes Consequences for Local Associations
Without the Three-Way Agreement, the collective voice Realtors rely on to advocate for vital issues would be silenced.
Viewpoints
GUEST VIEWPOINT: ‘Live, Work, And Play’ Zoning is a Holistic Approach That Integrates Residential, Commercial, and Recreational Spaces
“Live, work, and play” zoning is a holistic approach that integrates residential, commercial, and recreational spaces within close proximity, fostering more sustainable and vibrant communities.
Viewpoints
GUEST VIEWPOINT: Things are Looking Up
Long-term mortgage rates can be expected to trend lower because lower inflation means less added premium to borrow money. But rates will not return to the 4%–5% range that occurred during Trump’s first term.
Viewpoints
PRESIDENT’S CORNER: The Road Ahead: Driving Change Together
The difference between those who thrive and those who fade away is simple: they embrace change.
People
HGAR
SPOTLIGHT ON: Don Minichino
Unlike many commercial brokers, Minichino did not start out listing and selling residential properties.
People
Catherine Guszack Joins Houlihan Lawrence’s Rye Office
With ten years as an interior designer and developer of custom new-construction and historic homes in the greater New York City area and the Hamptons, she brings a unique perspective to real estate.
People
Gino Bello Homes Team Joins Howard Hanna Rand Realty’s Scarsdale Office
The Gino Bello Team has successfully closed more than 1,600 transactions in the past 20 years.
News
SPOTLIGHT ON: Ernest Chi
The 20-year Riverdale resident got his real estate license in 2014 and began working with a local brokerage. After just three years, he decided to branch out on his own.