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 19)
Market
NAR’s Yun Predicts 14% Home Sales Increase in 2026
Yun predicted that existing home sales would rise approximately 3% this year, but jump 14% higher in 2025.
News
Construction Begins on $85-Million Newburgh South Logistics Center Project
Neuhaus, who is a graduate of Mount Saint Mary in Newburgh, noted the long-standing issues with the property, saying, “The obituary for this site was written decades ago. You are bringing this place back to life.”
Legal-Advocacy
NYC Charter Review Commission Advances Ballot Proposals to Accelerate Housing and Modernize City Planning
The Charter Review Commission is also recommending the creation of an independent Land Use Appeals Board. This board would offer an alternative avenue to challenge zoning and planning decisions, creating a formal process for appeals outside of the judicial system.
Viewpoints
GUEST VIEWPOINT: Help Us Shape Rockland’s Future!
This comprehensive update will address some of the most important issues facing our community today and tomorrow.
News
NAR Prevails in Homie Litigation
In a July 15 ruling, District Court Judge Dale Kimball wrote that Homie had failed to show that NAR and large brokerage companies named in the suit—Anywhere Real Estate, HomeServices of America, and RE/MAX—had conspired to cause antitrust injury to the company.
HGAR
RPAC Honor Roll June
Thank you to the following Members who are leading the way in the 2025 RPAC campaign
Legal-Advocacy
HGAR Helps Spotlight Challenges and Opportunities for Bronx Homebuyers
The Bronx continues to have the lowest homeownership rate in New York City, at just 20%.
News
Higher Rates Cause Mortgage Applications to Fall Sharply
Treasury yields finished higher last week on average despite an intra-week drop, driven partly by renewed concerns of the impact of tariffs on the economy.
Market
Big City Exodus: Report Finds Majority of Shoppers Looking to Relocate for Budget and Lifestyle
Notably, big cities New York (71.7%), Boston (72%), and Chicago (72.6%) joined the top 10 metros with the highest out-of-market search rates.
News
Balchem Looks to Invest $36 Million in Expansion Project in Orange County
The cost of acquiring the vacant 12.43-acre site is $3.9 million. According to its application with the IDA, building and construction is estimated to cost $17,864,850 and equipment costs have been put at $13,136,536.
News
Bronx Bally’s Casino Project Likely Dealt Fatal Blow
Bally’s Bronx, as proposed to the New York State Gaming Commission late last month, was to stand approximately 250 feet tall and include a 500,000-square-foot Gaming Facility structure and span more than 3 million square feet.
Market
NAR Launches New Member-Exclusive Market Statistics Dashboard with Forward-Looking Affordability Analysis
The Dashboard also includes forward-looking analysis on how many households could qualify to buy a median-priced home if mortgage rates fall to 6%.