The latest drop, the second month-over-month decline since March, reflects the market's normal cooling heading into fall.
The work of transformation is ongoing—and it belongs to all of us.
The 16-story development that is estimated to cost more than $116 million to complete will include a variety of apartments.
HPPA makes several pivotal legal changes governing when, how, and to whom credit reports may be shared in the mortgage and insurance context.
With the advent of artificial intelligence and the increased use of sophisticated algorithms in software and real estate platforms, the risks in violating antitrust law and engaging in anticompetitive behavior increase exponentially and must be carefully considered and assessed.
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.
At its Mid-Year Meeting, NAR also officially rescinded its “Non-Commingling Rule,” which was an optional policy that permitted Multiple Listing Services to limit display of listings online.
Signed into law by Gov. Kathy Hochul on May 3, 2023, as part of the 2023-2024 New York State budget bill, Section 1377 of the Public Health Law will take effect on Nov. 3, 2025.
These requirements aim to balance seller choice with the need for a transparent, cooperative marketplace, ensuring buyers and agents have equitable access to property information.
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.
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.
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.
Fines issued by the DOS in these Consent Orders have ranged between $500 and $6,000. Brokers must carefully monitor all websites and social media pages of their associated licensees.
The real estate industry has expressed concerns regarding the potential repercussions of the FARE Act.
Unfortunately, many small businesses, including most real estate brokerage firms, and real estate investment and holding companies, will not meet these criteria and will therefore be required to comply fully with the CTA’s filing requirements.
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