News
SPOTLIGHT ON: Greg and Julie Tsougranis
They first met in 2009 at the landmark Russian Samovar Restaurant in Manhattan, and six months later they were married.
Latest news (Page 21)
Market
NAR: U.S. Existing-Home Sales Dipped 2.5% in August
Existing-home sales in the Northeast in August faded 2.0% from July to an annual rate of 480,000, which was identical to August 2023.
News
Yun: Fed Rate Cut May Have Little Impact on Mortgages
“The Fed’s half-point rate cut decision is the beginning of six to eight rounds of further rate cuts well into 2025,” says Lawrence Yun, chief economist at the National Association of Realtors.
Market
HGAR: August Median Single-Family Home Sales Prices Rise in The Bronx and all Lower Hudson Valley Regions
Sales of single-family homes declined in all six areas, with the Bronx experiencing the largest decline at 18.5%, followed by Rockland County with a 10.6% drop.
News
MTA Proposes $68.4-Billion Capital Program; Funding Sources in Question
Multiple press reports indicate that MTA Chief Financial Officer Kevin Willens said there is a current deficit of approximately $33 billion.
Legal-Advocacy
Moving Forward: The NAR Settlement, Updated Forms and the Future
It is important for brokers and agents to note that where a similar form has been made available by both HGAR and NYSAR, those forms do contain varying provisions. Every broker must carefully review each form, and ultimately determine which they would like to utilize.
Market
New York Regional Single-Family Home Price Jumps 8.4% in August 2024
In terms of transaction volumes, closed sales for single-family homes, condominiums, and co-ops were all down 8.7% regionwide from last year.
News
MLS Advisory Board Continues Evaluating Clear Cooperation Policy
The Clear Cooperation Policy requires listing brokers to upload their publicly marketed listings within one business day to an MLS. The policy aims to promote healthy competition in the market.
News
U.S. Supreme Court Justice Sonia Sotomayor Cuts Ribbon on New Yonkers School Named in Her Honor
Located at 121 McLean Ave., the community school will serve more than 600 students from Pre-Kindergarten to 8th grade.
Featured
Leaders Tout Borough’s Opportunities and Potential at HGAR’s Bronx County Day Event
Diaz said the rezoning and Penn Access project “will be a way for us to reimagine the whole area. We are going to end up being the paradigm of health care.”
News
Burke Rehabilitation Opens Expansion of its Outpatient Therapy Facility Site in Purchase
Burke Rehabilitation’s Purchase/Fairfield Outpatient Therapy site provides a range of services including vestibular therapy, sports medicine and rehabilitation, concussion management, orthopedic medicine and rehabilitation, and physical therapy.
News
Westchester IDA Grants Final Approval of $5.7 Million in Incentives for $94M Affordable Project in Ossining
Located at 30 Water St. on the former site of the Village Department of Public Works property, the project will consist of two new buildings with 109 units of rental apartments.
News
New York State Certifies 31 New Climate Smart Communities
To achieve Climate Smart Community certification, local governments accumulate points for planning and implementing actions that reduce greenhouse gas emissions and improve community resilience in the face of worsening impacts of climate change.