Total existing-home sales—completed transactions that include single-family homes, townhomes, condominiums and co-ops—rose 3.1% from December to a seasonally adjusted annual rate of 4.00 million in January.
Local Law 31 also includes a five-year testing requirement, meaning that all residential building owners in NYC must have all dwelling units inspected for lead paint by Aug. 9, 2025.
BARRISTER'S BRIEFING: A Safe Place: Reviewing HGAR’s New Code of Conduct and the New HGAR Statement of Appropriate Event Conduct Statement
HGAR expects that all members act with courtesy and respect toward each other, the staff, service providers, speakers and event participants at all HGAR events and when acting as an HGAR member.
“This agreement will open up housing specifically for low-income New Yorkers and send a clear message that this kind of discrimination is unacceptable in our communities,” said New York Attorney General Letitia James.
NAR’s view is that all relevant cases should be included in any consolidation (including buyer and seller cases), and the Northern District of Illinois is best placed to address the industrywide issues these cases present.
LEGAL CORNER: Recent Co-op Decision: Stromberg v. East River Housing Corp. and a Review of Co-Op Disclosure Legislation
Recently, the decision in Stromberg v East River Housing Corp. brings to light some of the issues that exist with regard to the co-op approval process and the restrictions that burden purchasers and sellers in co-op transactions.
Last year, more than 110 HGAR members attended Lobby Day, which represented one-third of the total turnout of the entire New York State Association of Realtors in Albany. With two busloads of Realtors, HGAR came out in force and that effort was recognized.
NAR expects to appeal the case to the court of appeals if the federal judge in Missouri does not grant NAR’s motions.
BARRISTER'S BRIEFING: Limited Background Checks in New York City: NYSAR Helps to Make Key Changes to Bill
With NYSAR's input, a new bill allows landlords, owners and brokers to consider the criminal backgrounds of prospective tenants only if they meet the initial applicant criteria to rent or lease. It's a fair balance for all concerned.
Neuhaus replaces the Association’s outgoing president Erie County Executive Mark Poloncarz. The association announced the start of Neuhaus’ term on Jan. 2.
This year, we defeated Good Cause Eviction again and lifted the ban of solicitous phone calls — both highlights for HGAR's advocacy efforts and big wins for members.
Antitrust matters are in the news, and they have the potential to affect every Realtor. But really, antitrust is all about playing fair, just like mom always told me. Here's a quick primer, courtesy of mom.