![May Median Single-Family Home Sales Prices Rose by Double Digits in Almost All Regions](/content/images/size/w100/2024/06/2024_05_Westchester_County-1.png)
May Median Single-Family Home Sales Prices Rose by Double Digits in Almost All Regions
Only Westchester saw a slight increase in closed sales for single-family homes, with a 4.6% gain.
![Seven Realtor Associations Host 3rd Annual DEI Summit in Newark](/content/images/size/w100/2024/06/448001963_1220385766045012_8908856423366471720_n.jpg)
Seven Realtor Associations Host 3rd Annual DEI Summit in Newark
The goal of the Summit was to build curiosity while exploring the understanding of diversity, equity, and inclusion within personal and professional careers.
![Data Reveals Hudson Valley, NY Metro Area ‘Continue to be One of the Most Desirable Locations in the Country’](/content/images/size/w100/2024/06/2024-homeownerhsip-month-fb-social-cover-820x360.png)
Data Reveals Hudson Valley, NY Metro Area ‘Continue to be One of the Most Desirable Locations in the Country’
The big winner in terms of property value was Manhattan’s District 10, coming in with $1.182 million for the median property value.
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Latest
![July 2024 Featured Courses](/content/images/size/w100/2024/05/Hudson-Gateway-School-of-Real-Estate.png)
![Gov. Hochul Puts Insurers on Notice Not to Discriminate Based on Source of Income, Affordable Units in Dwelling](/content/images/size/w100/2024/06/AdobeStock_348774948.jpeg)
Gov. Hochul Puts Insurers on Notice Not to Discriminate Based on Source of Income, Affordable Units in Dwelling
The Department of Financial Services sent a “Circular Letter” on Monday to all insurers advising them of the prohibitions.
![Rochester Firm Selected to Redevelop Downstate Correctional in Fishkill](/content/images/size/w100/2024/06/downstate-correctional-rendering.jpg)
Rochester Firm Selected to Redevelop Downstate Correctional in Fishkill
Downstate Correctional Facility was a maximum-security prison until its closure in 2022.
![U.S. Median Home Sales Price Hit New Record in May; Northeast Sales Flat, Median Price Up 9.2%](/content/images/size/w100/2024/06/NAR-20EHS-20May-202024-1.png)
U.S. Median Home Sales Price Hit New Record in May; Northeast Sales Flat, Median Price Up 9.2%
Total existing-home sales—completed transactions that include single-family homes, townhomes, condominiums and co-ops—retreated 0.7% from April.
![Realtors Rally in NYC in Opposition Against Bill Prohibiting Agents from Collecting Broker’s Fees from Apartment Renters](/content/images/size/w100/2024/06/NYC-Rally1.jpg)
Realtors Rally in NYC in Opposition Against Bill Prohibiting Agents from Collecting Broker’s Fees from Apartment Renters
Prohibiting this common practice of collecting a broker fee will reduce the use of real estate professionals in rentals, harming both Realtors and tenants.
![‘3by30’ Housing Goal: Making Progress, But Still More Work to Do](/content/images/size/w100/2024/06/3by30insert.webp)
‘3by30’ Housing Goal: Making Progress, But Still More Work to Do
Black homeownership rates continue to lag behind those of other minority groups and white households, per NAR’s “2024 Snapshot of Race and Home Buying in America” report.
SPOTLIGHT ON: Donna Bruno
Today, she is affiliated with Coldwell Banker in Katonah as an Associate Broker and is an Independent Certified Coach.
Legal-Advocacy
![LEGISLATIVE AFFAIRS: It’s Not the Beginning of the End, but the End of the Beginning](/content/images/size/w100/2024/06/Alexander-Roithmayr.jpg)
LEGISLATIVE AFFAIRS: It’s Not the Beginning of the End, but the End of the Beginning
A significant portion of our end-of-session efforts was focused on opposing legislative proposals that would have negatively impacted New York’s real estate sector.
![LEGAL CORNER: The Amended Property Condition Disclosure Act Update](/content/images/size/w100/2024/06/John-Dolgetta.png)
LEGAL CORNER: The Amended Property Condition Disclosure Act Update
It is important for an attorney to inform the seller the Property Condition Disclosure Statement does not require a seller to make any independent investigations relating to the subject matter contained in each of the questions contained therein.
![LEGISLATIVE AFFAIRS: Making the Case in Washington, DC](/content/images/size/w100/2024/05/Alexander-Roithmayr.jpg)
LEGISLATIVE AFFAIRS: Making the Case in Washington, DC
NAR had several topics it wanted HGAR and the rest of the Realtor community on the Hill that day to hammer home.
![LEGAL CORNER: A Small but Significant Change: A ‘Squatter’ is Not a ‘Tenant’](/content/images/size/w100/2024/05/John-Dolgetta-1.png)
LEGAL CORNER: A Small but Significant Change: A ‘Squatter’ is Not a ‘Tenant’
A noteworthy legislative amendment was the exclusion of “squatters” from the definition of “tenant” under the current tenancy laws.
Market
![U.S. Median Home Sales Price Hit New Record in May; Northeast Sales Flat, Median Price Up 9.2%](/content/images/size/w100/2024/06/NAR-20EHS-20May-202024-1.png)
U.S. Median Home Sales Price Hit New Record in May; Northeast Sales Flat, Median Price Up 9.2%
Total existing-home sales—completed transactions that include single-family homes, townhomes, condominiums and co-ops—retreated 0.7% from April.
![Northeast Pending Home Sales Slumped 3.5% in April](/content/images/size/w100/2024/05/NAR-April-2024-PHS-1.png)
Northeast Pending Home Sales Slumped 3.5% in April
“The impact of escalating interest rates throughout April dampened home buying, even with more inventory in the market,” said Lawrence Yun.
![NAR: U.S. Existing-Home Sales Retreated 1.9% in April; Northeast Activity Fell 4%](/content/images/size/w100/2024/05/NAR-EHS-April-2024-1.png)
NAR: U.S. Existing-Home Sales Retreated 1.9% in April; Northeast Activity Fell 4%
“Home sales changed little overall, but the upper-end market is experiencing a sizable gain due to more supply coming onto the market,” said NAR Chief Economist Lawrence Yun.
![NAR: New York Metro Region Posted Ninth Highest Home Price Increase in First Quarter at 18.4%](/content/images/size/w100/2024/05/Infographic-NAR-Q1-2024-Metro-Home-Prices-1.png)
NAR: New York Metro Region Posted Ninth Highest Home Price Increase in First Quarter at 18.4%
Compared to one year ago, the national median single-family existing-home price climbed 5% to $389,400. In the prior quarter, the year-over-year national median price increased 3.4%.
News
![Gov. Hochul Puts Insurers on Notice Not to Discriminate Based on Source of Income, Affordable Units in Dwelling](/content/images/size/w100/2024/06/AdobeStock_348774948.jpeg)
Gov. Hochul Puts Insurers on Notice Not to Discriminate Based on Source of Income, Affordable Units in Dwelling
The Department of Financial Services sent a “Circular Letter” on Monday to all insurers advising them of the prohibitions.
![Rochester Firm Selected to Redevelop Downstate Correctional in Fishkill](/content/images/size/w100/2024/06/downstate-correctional-rendering.jpg)
Rochester Firm Selected to Redevelop Downstate Correctional in Fishkill
Downstate Correctional Facility was a maximum-security prison until its closure in 2022.
![U.S. Median Home Sales Price Hit New Record in May; Northeast Sales Flat, Median Price Up 9.2%](/content/images/size/w100/2024/06/NAR-20EHS-20May-202024-1.png)
U.S. Median Home Sales Price Hit New Record in May; Northeast Sales Flat, Median Price Up 9.2%
Total existing-home sales—completed transactions that include single-family homes, townhomes, condominiums and co-ops—retreated 0.7% from April.
![Realtors Rally in NYC in Opposition Against Bill Prohibiting Agents from Collecting Broker’s Fees from Apartment Renters](/content/images/size/w100/2024/06/NYC-Rally1.jpg)
Realtors Rally in NYC in Opposition Against Bill Prohibiting Agents from Collecting Broker’s Fees from Apartment Renters
Prohibiting this common practice of collecting a broker fee will reduce the use of real estate professionals in rentals, harming both Realtors and tenants.
Viewpoints
![GUEST VIEWPOINT: Revolutionizing CRE Development: The Power of Alternative Financing Programs](/content/images/size/w100/2024/05/ROBERT-WITHERS-1.webp)
GUEST VIEWPOINT: Revolutionizing CRE Development: The Power of Alternative Financing Programs
Traditional lenders often hesitate to finance such projects due to perceived risks or unfamiliarity with emerging technologies and practices.
![GUEST VIEWPOINT: New York’s Faith-Based Affordable Housing: The Good, the Bad & the Ugly](/content/images/size/w100/2024/05/Professional-Website-Photo--1--2-1.jpg)
GUEST VIEWPOINT: New York’s Faith-Based Affordable Housing: The Good, the Bad & the Ugly
This initiative aims to create housing opportunities without the high costs of land acquisition, utilizing properties that often enjoy central locations within communities.
![FROM THE DESK OF THE CEO: HGAR Contingent Briefed on Commission Settlement, Legislative Priorities at NAR Meetings in Nation’s Capital](/content/images/size/w100/2024/05/Lynda-Fernandez.png)
FROM THE DESK OF THE CEO: HGAR Contingent Briefed on Commission Settlement, Legislative Priorities at NAR Meetings in Nation’s Capital
The resiliency of Realtors and their passion for advocacy remains evident, powerful and inspiring.
![Transforming Real Estate: The DEI Summit in Newark, NJ](/content/images/size/w100/2024/05/DEI-Logo-16-x-9.png)
Transforming Real Estate: The DEI Summit in Newark, NJ
At the heart of the DEI Summit lies a commitment to regional collaboration—recognizing that by uniting our efforts, we can amplify our impact and affect meaningful change.
People
SPOTLIGHT ON: Donna Bruno
Today, she is affiliated with Coldwell Banker in Katonah as an Associate Broker and is an Independent Certified Coach.
![Maymi Awarded Anne Freyvogel Hanna Legacy Award](/content/images/size/w100/2024/05/JOE-MAYMI-1.jpg)
Maymi Awarded Anne Freyvogel Hanna Legacy Award
The Anne Freyvogel Hanna Legacy Award is named after Anne F. Hanna, who co-founded Howard Hanna Real Estate Services with Howard Hanna Jr. in 1957.
![Howard Hanna Real Estate Services Celebrates Successful Real Estate Convention](/content/images/size/w100/2024/05/HannaCon-1-Instagram-Post.jpg)
Howard Hanna Real Estate Services Celebrates Successful Real Estate Convention
Real estate coach Brian Buffini provided practical advice on how agents can thrive in challenging conditions and use change as a lever for growth, drawing on his extensive experience in training over three million professionals in 37 countries.
![ALTA Honors New York State Land Title Association President with National Title Professional Recognition](/content/images/size/w100/2024/05/Eric-Headshot-Jesse-Rinka-Photography-2-High_Res-SQ-SM-1.jpg)
ALTA Honors New York State Land Title Association President with National Title Professional Recognition
Swarthout is one of 111 leaders across the United States, and the third in New York State, who have devoted their careers to the land title industry and earned their designation.