The highest number of closed sales occurred in Suffolk County with 12,913, followed by Nassau County with 9,748, and Westchester County with 7,127.
Garafalo was the president of the Orange County Association of Realtors in 2011 and the Hudson Gateway Association of Realtors in 2019.
One bill establishes the New York State first home savings program to allow first-time homebuyers to open saving accounts that would be eligible for personal income deductions.
New York Gov. Kathy Hochul announced on May 28 that federal assistance is available to New Yorkers in Ontario, Orange, and contiguous counties who were impacted by last year’s early July flood event.
New listings of single-family homes rose in the Bronx, Westchester, Putnam, and Orange counties, while pending sales for all property types increased in every region except Rockland and Orange counties.
This dispute could have far-reaching implications beyond the real estate industry, as the split-decision ruling from the Circuit Court conflicts with the existing precedent of both the D.C. Circuit Court and the U.S. Supreme Court.
Cross County was originally developed by Sol Atlas. The more than 70-acre property began operations with approximately 30 stores and the Cross County Hospital, which closed in the 1980s and was later redeveloped as a hotel.
With the median sales price for a single-family home in the City of Mount Vernon at $627,550 as of April, a 1.5% transfer tax translates to $9,413.25.
New York City and the Hudson Valley continue to be among the most desirable locations in the nation, so it’s no surprise that inventory is at a premium and home prices are reflecting that.
In 2022, the median net worth of homeowners was $396,200, while the median net worth of renters was $10,400.
While interchange improvements and possible multimodal upgrades are planned in the corridor, the main focus of construction would be centered at locations on Route 17 in Orange County.
The budget includes a host of measures to enhance housing development and tenant protections in New York City, including the new 485-x tax incentive.
Today’s report by the Hudson Gateway Association of Realtors, based on data supplied by OneKey MLS, also indicates inventory levels declined among all property types in all regions.
While specifics of the housing-related legislation were not released, City & State New York reports that sources indicate some carve-outs of the Good Cause Eviction proposal have angered tenant groups, while other provisions included have drawn the ire of landlords.
NAR’s Troiani told the attendees that the association is trying to clear up misconceptions reported by some media outlets in connection with the settlement.
Receive original business news about real estate and the REALTORS® who serve the lower Hudson Valley, delivered straight to your inbox. No credit card required.
