The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($806,500 or less) increased to 6.31% from 6.30%.
New York recorded the lowest turnover rate among the top 50 metros, with only around 10 out of every 1,000 homes selling in the first nine months of the year.
The share of first-time buyers in the market has contracted by 50% since 2007—right before the Great Recession. The implications for the housing market are staggering.
HGAR officials attended and exhibited at the 2nd Annual NAR C5 conference at the Marriott Marquis in NYC August 15 – 17th. This year’s event focused on commercial real estate and included a panel titled “Partners in Growth: How Relationships with EDC’s Advances Your Business” that included Bridget Gibbons, Director, Economic Development Westchester County.
LVR selected Fernandez as its CEO after a lengthy nationwide search.
“Over the past two years, it has been an extraordinary privilege to serve this remarkable association and its dedicated members. Together, we have made significant strides to strengthen HGAR’s foundation and prepare it for the future…”
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