Latest news (Page 23)
HGAR Affiliate Member O’Donnell & Cullen Property Tax Consultants Named ‘Best Property Tax Consultants’ in Magazine Poll
O’Donnell & Cullen received HGAR’s “Affiliate of the Year” Award in 2014.
NAR Releases New Consumer-Focused Resources Ahead of Practice Changes in Settlement Agreement
The new resources are all available on facts.realtor, NAR's centralized website for information on the settlement.
NY State Funding Will Allow Second Avenue Subway Project to Continue During Congestion Pricing Pause
The capital funding provided to the Metropolitan Transportation Authority will be earmarked towards the utility relocation contract for Phase 2 of the expansion project, which will deliver subway service to residents of East Harlem.
Gov. Hochul’s Pause on Congestion Pricing Spurs Two Lawsuits Seeking to Compel its Reinstatement
While Gov. Hochul vowed to provide funding to adequately finance MTA projects, at press time no firm plans have been released.
LEGAL CORNER: Beware of Deed Theft Fraud: Targeting The Elderly, The Ill and the Unsuspecting
According to the FBI’s 2023 Internet Crime Complaint Center Report, there were more than 101,068 complaints filed by individuals over 60 years old resulting in more than $3.4 billion in losses in 2023.
OBITUARY: Business Leader, Veteran Banker Ross Weale Passes Away at Age 85
A well-known business leader, Weale was perhaps best known for co-founding Country Bank in Carmel and later serving as President and CEO of the Putnam County Economic Development Corp. for 13 years.
Existing U.S. Home Sales Slipped 5.4% in June; Median Sales Price Jumps to Record High of $426,900
Existing-home sales in the Northeast in June withdrew 2.1% from May to an annual rate of 470,000, a decline of 6% from June 2023.
Brokers Beware: ‘Freelance Isn’t Free Act’ Goes into Effect on Aug. 28
One requirement of the law mandating the use of written contracts for compensation will impact NYS brokers significantly.
Median Single-Family Home Sales Prices in June Rose Sharply in Almost Every Region
Sales were down in all counties in the Hudson Gateway Association of Realtors market area, with Orange County posting the largest decline in single-family home sales at 26.9%.
New NYS Deed Theft Law Now in Effect
Under previous law in New York State, deed theft itself was not a crime.
Battery Park City Authority to Provide $500 Million to Build, Preserve Affordable Housing in NYC
As Battery Park City was being developed, the BPCA entered into long-term ground leases with developers, generating lease revenue from commercial and residential buildings.