That fact that both sales and home prices continue to increase is an indication of the high demand and low supply that exists throughout the New York metro area and lower Hudson Valley,” said HGAR CEO Lynda Fernandez.
In October, the regional single-family closed median sale price was $706,000, marking an 8.6% year-over-year increase from $650,000 in October 2023.
The award was cited by the Hudson Valley Chapter of NYSCAR for the agents’ work in facilitating the sale of Eastgate Business Park in Goshen.
Real estate agents played a crucial role in the homebuying process, with 86% of all buyers utilizing their services—the highest of all information sources used.
“The Fed’s half-point rate cut decision is the beginning of six to eight rounds of further rate cuts well into 2025,” says Lawrence Yun, chief economist at the National Association of Realtors.
The Clear Cooperation Policy requires listing brokers to upload their publicly marketed listings within one business day to an MLS. The policy aims to promote healthy competition in the market.
As of Aug. 17, 2024, many real estate professionals nationwide will be asking buyers to enter into a written agreement prior to touring a home.
68% of Americans believe the federal government should do more to expand affordable housing and rental options, and 58% will consider a candidate’s housing plan when voting in the presidential election.
The Hudson Gateway Association of Realtors has established a one-stop location for members to get the latest tools, forms and information on the NAR settlement and the practice changes dictated by the settlement reached in March of this year.
The listing broker or the seller may offer compensation to the buyer’s agent, but there are limitations to how that offer can be marketed—i.e., brokers can no longer communicate offers of compensation on an MLS.
Most agents are practiced at communicating their value to sellers during a listing presentation. Be just as prepared when you talk with buyers.
Eligible brokerages must have a Principal who is a member of NAR as of the date of class notice in order to opt in or be released.
Under practice changes that will take effect Aug. 17, real estate professionals will no longer be able to communicate offers of compensation in the MLS.
In 2022, the median net worth of homeowners was $396,200, while the median net worth of renters was $10,400.
NAR Chief Legal Officer and Chief Member Experience Officer Katie Johnson explained the deadline will provide a three-month window for NAR members and MLSs to prepare to implement the policy adjustments.
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.
