BREAKING NEWS: Construction Begins on $330M NYPA Headquarters in Downtown White Plains After Trades Agreement Reached
Cappelli estimated that with the NYPA project, the total Hamilton Green development cost will be approximately $900 million.
HGAR June 2025 Housing Report: Prices Hit New Highs as Market Navigates Inventory Shifts
Market dynamics continue to reflect high competition at the entry level and slower movement in the luxury tier.
NAR Secures Major Wins for Real Estate in ‘One Big Beautiful Bill’
The One Big Beautiful Bill Act includes multiple NAR-championed provisions designed to support homeownership, drive investment in housing supply, and strengthen the real estate economy.
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Latest
Mortgage Applications Fall to Lowest Level Since May
The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($806,500 or less) decreased to 6.83% from 6.84%.
NAR: Pending Home Sales in Northeast Rose 2.1% in June, Defying National Trend
Pending sales in the Northeast increased incrementally even though home price growth in the region has been the strongest in the country.
Federal Court Upholds New York State’s Gas Ban Law
The court also ruled that New York’s prohibition on the installation of fossil-fuel equipment does not concern the “energy use” of covered products as defined by EPCA and is therefore not preempted.
North Castle Seeks Developers for Possible Town Hall Project
If the Town Hall renovation and expansion project moves forward, the town would interview bid respondents in September and October and possibly issue a formal Request for Proposals in November of this year.
Guest Viewpoint: New York Must and Will Embrace Advanced Nuclear Power to Fuel Our Future
If we want to power the economy of the future, we need a clean, reliable, around-the-clock source of electricity. Advanced nuclear power can deliver that.
OneKey MLS: NYC Regional Home Sales Fell 6% in June as Markets Faced Ongoing Inventory Constraints
Closed sales for all properties edged down 6.0% year-over-year to 3,972 transactions, with single-family home closings down 4.6%.
NAR: Existing-Home Sales Fell 2.7% in June; Northeast Sales Dropped 8% Last Month
More supply is needed to increase the share of first-time homebuyers in the coming years even though some markets appear to have a temporary oversupply at the moment.
Legal-Advocacy
NYC Charter Review Commission Advances Ballot Proposals to Accelerate Housing and Modernize City Planning
The Charter Review Commission is also recommending the creation of an independent Land Use Appeals Board. This board would offer an alternative avenue to challenge zoning and planning decisions, creating a formal process for appeals outside of the judicial system.
HGAR Helps Spotlight Challenges and Opportunities for Bronx Homebuyers
The Bronx continues to have the lowest homeownership rate in New York City, at just 20%.
LEGAL CORNER: ‘The One Big Beautiful Bill Act’: A Transformative Boost for the Real Estate Industry
Another important provision in the OBBBA raises the SALT deduction cap from $10,000 to $40,000 for taxpayers earning less than $500,000, effective from 2025 to 2029, before reverting to $10,000 thereafter.
Why Advocacy and Investing in It Matters More Than Ever
Legislative decisions at every level of government impact how we do business, safeguard private property rights, and help our clients achieve the dream of homeownership.
Market
Mortgage Applications Fall to Lowest Level Since May
The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($806,500 or less) decreased to 6.83% from 6.84%.
NAR: Pending Home Sales in Northeast Rose 2.1% in June, Defying National Trend
Pending sales in the Northeast increased incrementally even though home price growth in the region has been the strongest in the country.
OneKey MLS: NYC Regional Home Sales Fell 6% in June as Markets Faced Ongoing Inventory Constraints
Closed sales for all properties edged down 6.0% year-over-year to 3,972 transactions, with single-family home closings down 4.6%.
NAR: Existing-Home Sales Fell 2.7% in June; Northeast Sales Dropped 8% Last Month
More supply is needed to increase the share of first-time homebuyers in the coming years even though some markets appear to have a temporary oversupply at the moment.
News
Mortgage Applications Fall to Lowest Level Since May
The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($806,500 or less) decreased to 6.83% from 6.84%.
NAR: Pending Home Sales in Northeast Rose 2.1% in June, Defying National Trend
Pending sales in the Northeast increased incrementally even though home price growth in the region has been the strongest in the country.
Federal Court Upholds New York State’s Gas Ban Law
The court also ruled that New York’s prohibition on the installation of fossil-fuel equipment does not concern the “energy use” of covered products as defined by EPCA and is therefore not preempted.
North Castle Seeks Developers for Possible Town Hall Project
If the Town Hall renovation and expansion project moves forward, the town would interview bid respondents in September and October and possibly issue a formal Request for Proposals in November of this year.
Viewpoints
Guest Viewpoint: New York Must and Will Embrace Advanced Nuclear Power to Fuel Our Future
If we want to power the economy of the future, we need a clean, reliable, around-the-clock source of electricity. Advanced nuclear power can deliver that.
GUEST VIEWPOINT: Help Us Shape Rockland’s Future!
This comprehensive update will address some of the most important issues facing our community today and tomorrow.
GUEST VIEWPOINT: A Cocktail of Uncertainty Will Stifle Investor Confidence and Freeze Market Momentum
Real estate does not thrive in uncertainty. It thrives in predictability. Buyers want to know what the future holds for taxes, schools, infrastructure, interest rates and public safety.
FROM THE DESK OF THE CEO: HGAR Evolves to Empower Members—And Lead the Industry
With the support of our dedicated volunteer leaders and staff professionals, we’ve implemented strategic, thoughtful changes designed to eliminate waste, reduce redundancy and strengthen every facet of our association.
People
From Teen Mom to Transformative Author: Realtor Kenyatta Jones-Arietta’s New Book ‘Iron Love’ Launches July 11
The book launch will kick off with a celebration at the historic Nyack Bath House on Friday, July 11, followed by a multi-city East Coast book tour.
Charlene Indelicato Named Yonkers Planning & Development Commissioner
Indelicato joins the City of Yonkers with over 30 years of experience as an attorney and city planner for several Westchester County municipalities.
Veteran Realtor Eric Lebenson Joins ERA Insite Realty in Pleasantville
He has been honored with the Five Star Real Estate Agent Award for 16 consecutive years.
Curasi Realty Commercial Division Hosts Third Annual Spring Networking Mixer
Each speaker shared valuable perspectives on regional economic development, market dynamics, and strategic growth initiatives across the Hudson Valley.