NAR Retains Clear Cooperation Policy; Introduces New MLS Policy to Expand Consumer Choice
The policy introduces a new category of exempt listings called “delayed marketing exempt listings.”
NAR’s Yun Predicts: ‘The Worst is Over’ in 2025
“My computer model is indicating that (for) home sales, the worst is over. The worst in inventory is over. I think the recession probability is still slim,” Yun said.
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.
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Latest
Demolition of Cottage Place Gardens Makes Way for New Willow at the Ridgeway Community
Willow at the Ridgeway, which is located at 23 Bishop W.J. Walls Place, is replacing two vacant public housing buildings.
NAR: Baby Boomers Regain Top Spot as Largest Share of Home Buyers
The report revealed that 24% of recent home buyers were purchasing for the first time, a significant drop from 32% last year.
Chong, Desimone, and Milinovich Earn Annual Sales Production Award
The award honors high-achieving real estate individuals for their trust, professionalism and service to buyers and/or sellers during the past year.
Nancy Scovotti Joins Hudson United Title as Regional Vice President
Before joining Hudson United Title, she was a top producer at Great American Title Insurance Agency and held a distinguished tenure as Vice President at Fidelity National Title Insurance Company.
RE/MAX Agent Julia Ricciuti Earns Annual Sales Production Award
Ricciuti has been serving her community as a real estate agent for more than 40 years.
The Community Preservation Corporation Adds Two Industry Leaders to its Board of Directors
Klaber is a Managing Director and Head of Direct and Co-Investments at Rockefeller Capital Management, where she is responsible for sourcing, vetting and structuring private investment opportunities.
Legal-Advocacy
LEGISLATIVE AFFAIRS: Realtors to Head to Albany on April 29 to Push for Housing Reforms
The annual Albany Lobby Day serves as a critical forum for real estate professionals to press legislators on issues that impact homebuyers, renters and property owners across New York.
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.
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 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.
Market
NAR: Baby Boomers Regain Top Spot as Largest Share of Home Buyers
The report revealed that 24% of recent home buyers were purchasing for the first time, a significant drop from 32% last year.
NAR: U.S. Pending Home Sales Advanced 2.0% in February; Northeast Pending Deals Fell 0.9%
NAR forecasts mortgage rates will average 6.4% in 2025 and 6.1% in 2026.
Report: Bigger Down Payments Continue in Q4 2024 as Homeowners Use Pandemic-Era Savings and Increased Home Equity
Buyers paid 14.4% as a share of purchase price and $29,900 on average in 2024, up from 14.2% and $27,200 in 2023.
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
Demolition of Cottage Place Gardens Makes Way for New Willow at the Ridgeway Community
Willow at the Ridgeway, which is located at 23 Bishop W.J. Walls Place, is replacing two vacant public housing buildings.
NAR: Baby Boomers Regain Top Spot as Largest Share of Home Buyers
The report revealed that 24% of recent home buyers were purchasing for the first time, a significant drop from 32% last year.
NAR Repositioning Includes Elimination of 61 Positions
This step in the organizational reshaping includes a staffing makeover that will impact 41 positions and eliminate 20 open roles that were redundant or that could be integrated elsewhere in the organization.
NAR: U.S. Pending Home Sales Advanced 2.0% in February; Northeast Pending Deals Fell 0.9%
NAR forecasts mortgage rates will average 6.4% in 2025 and 6.1% in 2026.
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.
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.
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.
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
Chong, Desimone, and Milinovich Earn Annual Sales Production Award
The award honors high-achieving real estate individuals for their trust, professionalism and service to buyers and/or sellers during the past year.
Nancy Scovotti Joins Hudson United Title as Regional Vice President
Before joining Hudson United Title, she was a top producer at Great American Title Insurance Agency and held a distinguished tenure as Vice President at Fidelity National Title Insurance Company.
The Community Preservation Corporation Adds Two Industry Leaders to its Board of Directors
Klaber is a Managing Director and Head of Direct and Co-Investments at Rockefeller Capital Management, where she is responsible for sourcing, vetting and structuring private investment opportunities.
Stephanie Williams Named Senior Vice President of Marketing at Houlihan Lawrence
Williams joined the company in 2018 as Head of Digital and was promoted to Vice President in 2020.