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 21)
Legal-Advocacy
Policy Shifts Ahead: What Recent Elections and Rent Guidelines Vote Could Mean for NYC Real Estate
The NYC Rent Guidelines Board voted to approve rent increases of 3% for one-year leases and 4.5% for two-year leases on rent-stabilized apartments.
Senate Passes Final Tax Bill with Major Wins for Real Estate
NAR successfully secured its top five priorities in the final package.
Viewpoints
ECONOMISTS’ OUTLOOK: Tackling Home Financing and Down Payment Misconceptions
While many potential buyers believe they need a down payment of 20% for their first home purchase, the typical down payment for first-time buyers has ranged from 6% to 9%, dating back to 2018.
People
Charlene Indelicato Named Yonkers Planning & Development Commissioner
Indelicato joins the City of Yonkers with over 30 years of experience as an attorney and city planner for several Westchester County municipalities.
News
BRI Says Westchester Rent Hike Falls Short; Warns of Long-Term Consequences
BRI officials stated that while the new increases prevent another destructive rent freeze, they once again fall short of what is required to keep up with rising costs.
News
New York State Providing $789 Million in Financing For Housing Projects in NYC, Mid-Hudson Regions
A total of $789 million in funding is being directed to six projects in New York City ($603 million) and three projects in the Mid-Hudson region ($186 million).
News
Empire City Casino in Yonkers Among Eight Applicants Vying for Three Downstate Casino Licenses
Since opening in October 2006, Empire City Casino has generated more than $5 billion for New York State education.
Market
NAR: Northeast Pending Home Sales Rose 2.1% in May
Year-over-year, contract signings rose in the Midwest and South, while they fell in the Northeast and West.
News
New York Looks to Build At Least One New Nuclear Power Plant Upstate
NYPA will immediately begin evaluation of technologies, business models, and locations for this first nuclear power plant and will secure the key partnerships needed for the project.
News
Downstate Casino Gaming Applications Due on Friday
In the case of Resorts World New York City and Empire City Casino, both involve multi-billion-dollar upgrades.
News
IDA Projects Hit Record High Value of Almost $136 Billion in Fiscal Year 2023: State Comptroller Report
The Mid-Hudson region had the highest aggregate value of new projects of any region with $2.4 billion, followed by the Finger Lakes ($1.8 billion), Long Island ($1.4 billion), and Western New York ($832 million).