Our industry represents one-fifth of US GDP. It drives economic growth and enables millions of Americans to build intergenerational wealth. However, too many in the industry think they are the economic engine and wealth creator—they aren’t.
The $8-billion Metropolitan Park casino project to be developed adjacent to Citi Field in Queens by billionaire New York Mets owner Steve Cohen advanced today thanks to a unanimous 6-0 vote by its CAC.
Lower mortgage rates are enabling more homebuyers to go under contract.
CILA represents thousands of professionals from: Argentina, Bolivia, Brazil, Chile, Colombia, Costa Rica, Cuba, El Salvador, Mexico, Panama, Paraguay, Peru, Uruguay and beyond.
WHITE PLAINS—The Hudson Gateway Association of Realtors continues to strengthen its global connections and open international business opportunities for its members through the recent signing of Memorandums of Understanding (MOU) with key real estate organizations worldwide.
During the recent 10th Latin American Real Estate Congress and the 6th AEI International Congress, organized by CILA and AEI, in Punta Cana Dominican Republic, HGAR signed a landmark MOU with Joao Araujo, BRANIB President and CILA President Enrique Morales, establishing a strategic partnership with the Confederación Inmobiliaria Latinoamericana (CILA). Through CILA, HGAR now connects with 18 real estate associations spanning across Latin America, creating a gateway to expanded markets, cultural exchange, and new global opportunities.
CILA represents thousands of professionals from: Argentina, Bolivia, Brazil, Chile, Colombia, Costa Rica, Cuba, El Salvador, Mexico, Panama, Paraguay, Peru, Uruguay and beyond. This extensive network positions HGAR members to explore new opportunities for international collaboration, cross-border investment, and cultural exchange, while strengthening their role as trusted advisors in the global marketplace.
“HGAR is proud to enter into this significant partnership with CILA, which strengthens our members’ ability to connect globally while expanding opportunities throughout Latin America,” said Lynda Ferandez, CEO of HGAR. “This collaboration underscores our commitment to ensuring Realtors in the Hudson Valley and beyond are positioned as leaders in the international marketplace.”
The MOUs formalize each association’s cooperation in building mutually beneficial relationships for their members. HGAR currently has MOUs with 30+ associations and countries. Areas of collaboration include the sharing of market data, real estate practices, licensing and foreign investment laws and professional development resources. Both organizations will also work to promote inbound and outbound investment opportunities, uphold ethical business practices, and foster participation in events, education and networking exchanges.
“Signing an MOU is more than a formality, it is a commitment that comes to life when our global partners actively connect and engage with HGAR members,” said Fernandez. “We look forward to continuing this momentum at our upcoming Global Real Estate Summit in New York City this November, where leaders from around the world will come together to share insights, strategies, and opportunities for cross-border business.”
Learn more about HGAR’s global initiatives at Global Business Council | Hudson Gateway Association of REALTORS® and details on the Global Real Estate Summit here: https://www.globalresummit.com.
The $8-billion Metropolitan Park casino project to be developed adjacent to Citi Field in Queens by billionaire New York Mets owner Steve Cohen advanced today thanks to a unanimous 6-0 vote by its CAC.
Lower mortgage rates are enabling more homebuyers to go under contract.
The Resorts World New York City proposal features a 5.6 million-square-foot integrated resort that will allow for 6,000 slot machines, 800 gaming tables, 2,000 hotel rooms, a 7,000-seat arena, over 7,000 parking spaces and over 30 food and beverage outlets.
The average 30-year fixed-rate mortgage in August was 6.59%, according to Freddie Mac, down from 6.72% in July and 6.50% one year ago.
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