Chief among the reform measures included in the budget was disincentivizing institutional investors from buying up one- and two-family homes.
This draft language preserves or strengthens a raft of provisions vital to housing affordability.
In a third transaction, an existing 76-unit development completed about six years ago has a new owner.
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.
These new alliances will provide resources, visibility, and connections for HGAR’s international partners while creating new business opportunities for HGAR members.
Approximately 110 HGAR members participated in the New York State Association of Realtors’ Annual Lobby Day program on March 27
The settlement achieves two important goals: protecting members to the greatest extent possible and preserving consumer choice.
Westchester County experienced a slight increase in home sales by just 1.7% in February, along with an almost 14% increase in home prices, with a median of $831,250.
The listing broker retains the right to determine the amount of compensation offered to subagents, buyer agents, or to brokers acting in other agency or nonagency capacities, which may be the same or different.”
In addition to the financial payment, NAR has agreed to put in place a new MLS rule prohibiting offers of broker compensation on the MLS.
A key data point will be the CPI reaching its 2% target. The latest CPI number for February was 3.1%.
According to the Centers for Disease Control, every year more than 805,000 people in the U.S. suffer a heart attack, and in 2021 alone, some 695,000 died from heart attacks.
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