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 18)
News
Bally’s Bronx Casino Bid Back in the Game Thanks to Mayor Adams’ Veto
The mayor’s veto puts the $4-billion project to be built at Bally’s Golf Links at Ferry Point in the Bronx back in the running among six other applicants for up to three downstate gaming licenses.
Market
Mortgage Applications Fall to Lowest Level Since May
The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($806,500 or less) decreased to 6.83% from 6.84%.
Featured
BREAKING NEWS: Construction Begins on $330M NYPA Headquarters in Downtown White Plains After Trades Agreement Reached
Cappelli estimated that with the NYPA project, the total Hamilton Green development cost will be approximately $900 million.
Market
NAR: Pending Home Sales in Northeast Rose 2.1% in June, Defying National Trend
Pending sales in the Northeast increased incrementally even though home price growth in the region has been the strongest in the country.
News
Federal Court Upholds New York State’s Gas Ban Law
The court also ruled that New York’s prohibition on the installation of fossil-fuel equipment does not concern the “energy use” of covered products as defined by EPCA and is therefore not preempted.
News
North Castle Seeks Developers for Possible Town Hall Project
If the Town Hall renovation and expansion project moves forward, the town would interview bid respondents in September and October and possibly issue a formal Request for Proposals in November of this year.
Viewpoints
Guest Viewpoint: New York Must and Will Embrace Advanced Nuclear Power to Fuel Our Future
If we want to power the economy of the future, we need a clean, reliable, around-the-clock source of electricity. Advanced nuclear power can deliver that.
Market
HGAR June 2025 Housing Report: Prices Hit New Highs as Market Navigates Inventory Shifts
Market dynamics continue to reflect high competition at the entry level and slower movement in the luxury tier.
Market
OneKey MLS: NYC Regional Home Sales Fell 6% in June as Markets Faced Ongoing Inventory Constraints
Closed sales for all properties edged down 6.0% year-over-year to 3,972 transactions, with single-family home closings down 4.6%.
Market
NAR: Existing-Home Sales Fell 2.7% in June; Northeast Sales Dropped 8% Last Month
More supply is needed to increase the share of first-time homebuyers in the coming years even though some markets appear to have a temporary oversupply at the moment.