“The top driver of our affordability crisis is the rising cost of rent and mortgages, and New Yorkers need our help.”
Incoming HGAR President Sejdi is an Associate Broker with HomeSmart Homes & Estates in White Plains. She served as President-Elect in 2024, Secretary in 2023, and Regional Director for Westchester County in 2022.
Rates at 6% are the new normal, and from a historical perspective they’re completely fine, especially given the strength of the economy and inflation adjusted wage gains over the past few years.
“A life is not important except in the impact it has on other lives.” Jackie Robinson
HGAR President Anthony Domathoti attended the NAR RPAC President’s Circle Conference held from Feb. 24-27 at Nassau, Bahamas.
I recently returned from the 2022 National Association of Realtors RPAC President’s Circle Conference, and I must say I was once again blown away by the advocacy efforts at every level of our association. Words cannot express my gratitude for our Realtor community. We came together to fight for what’s right and just in America and in the world. We protect the American Dream and are champions for good and freedom.
It was a tremendous opportunity to hear the latest on NAR priorities and
initiatives as well as from the excellent speakers and panel discussions that were part of the three-day conference (Feb. 24-27) held in Nassau, Bahamas. Thank you to all investors, big and small who helped elect Realtor-championed candidates. A great big thank you to our NAR President 2022 Leslie Rouda Smith for organizing a great conference. I had the privilege of hearing leaders of both political parties. Thank you so much to our state and local association leadership for encouraging us to be involved in giving back to our industry.
From left: Ashley Etienne, Communications Director for Vice President Harris and Hagan Stone, REALTOR® Party Director
Mike Pompeo Former Secretary of State
Anthony Domathoti with NYSAR President Jennifer Vucetic
Rates at 6% are the new normal, and from a historical perspective they’re completely fine, especially given the strength of the economy and inflation adjusted wage gains over the past few years.
On the state and local levels, the real estate industry coped with high demand, low inventory and volatile interest rates as the Federal Reserve tried to battle inflation.
Inventory for all property types declined in almost all areas, except for Rockland’s condo and co-op markets, the latter with an 84.6% gain. The Bronx led the region for new listings, with a 31.9% increase.
Yun noted that a key trend going forward is that for-sale inventory has been increasing of late and is expected to continue next year.
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