Viewpoints
FROM THE DESK OF THE CEO: A Legacy of Transformation and Warmest Wishes
I leave HGAR knowing that we are now more member-centric and innovative than ever before.
Latest news (Page 11)
NAR: What a Government Shutdown Means for Realtors
HUD has a contingency plan that keeps many housing programs alive, though often in a reduced capacity, while others face serious disruption.
Legal-Advocacy
RPAC Luncheon Highlighted Need for Advocacy, Leadership and Action at HGAR Impact Conference
Mayor Patterson-Howard’s vision for Mount Vernon and beyond aligns closely with HGAR’s mission—to advocate for strong, vibrant communities where opportunity and homeownership are within reach for all.
Viewpoints
GUEST VIEWPOINT: NAR President: ‘As Realtors, it’s Critical to Remember Who We Serve’
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.
News
Four Proposals, Including MGM Empire City in Yonkers, Vie for Up to Three Full Downstate Casino Licenses
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.
Market
U.S. Pending Home Sales Rose Nearly 4% in August While Northeast Pending Deals Fell Slightly
Lower mortgage rates are enabling more homebuyers to go under contract.
News
Now There are Two: CAC Approves $5.5 Billion Resorts World New York City Project in Queens
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.
Viewpoints
GUEST VIEWPOINT: Breathing New Life into Downtowns: Converting Offices into Residential Spaces
When a building sits empty, it not only blights the landscape but also erodes a community’s tax base.
Market
Existing-Home Sales Fell 0.2%; New Home Sales Soared Nearly 21% in August
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.
Featured
BREAKING NEWS: MGM Empire City Casino Project Secures Needed CAC Approval
With the 5-0 CAC affirmative vote, the Yonkers project now advances for full consideration with the New York State Gaming Location Board.
News
State Agency Extends Ground Lease at Battery Park City in $1.5-Billion Deal
The agreement underscores the continued strength of Lower Manhattan’s office market, of which Brookfield Place comprises approximately 10% of inventory.
Viewpoints
GUEST VIEWPOINT: Promise Kept: +320 Acres of Open Space Preserved in Rockland
We are exploring the creation of a new county park and expanded trail connections on this site, so families can directly benefit from this investment in our quality of life.
HGAR
HGAR Named Among Top Trade Associations in New York State
HGAR officials noted that its selection “is a testament to the impact of our advocacy, leadership and presence across the region.”