With the full legislature and governor facing re-election in 2026, HGAR and NYSAR are already preparing for what could be a watershed year for housing policy.
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.
NAR successfully secured its top five priorities in the final package.
NEW CITY—Executives with four newly opened Rockland County residential brokerage firms recently met in New City to discuss their respective paths to opening their own independent brokerage in the county and the difficulties each faced in venturing out on their own.
The four Brokers formed a group to help support each other through collaboration and communication in order to continue to raise the standards of being a Broker/Owner Realtor. The group’s first session was held at the Fire & Cork Kitchen & Wine Bar in New City.
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.
Indelicato joins the City of Yonkers with over 30 years of experience as an attorney and city planner for several Westchester County municipalities.
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.
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).
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