News

Report: Bigger Down Payments Continue in Q4 2024 as Homeowners Use Pandemic-Era Savings and Increased Home Equity
Buyers paid 14.4% as a share of purchase price and $29,900 on average in 2024, up from 14.2% and $27,200 in 2023.

DiNapoli: NYC’s Solid Housing Growth at Risk as Permits Fall
While growth in the city was faster than statewide growth (6.5%) and metropolitan area growth (7.4%), it lagged the nation’s overall 10.3% rate of housing growth.

Hudson Valley Economic Development Corp. Adds Two Seasoned Executives
Sarah Lee, the CEO of Think Dutchess and the Executive Director of the Dutchess County Industrial Development Agency, will join HVEDC in April as its new Executive Vice President of Strategic Initiatives.

HG Realtor Foundation’s First Volunteer Event of 2025 Helps Feeding Westchester’s Senior Grocery Program
Based in Elmsford, Feeding Westchester distributed a record-breaking 23.2 million pounds of food last year and served 19.4 million meals to neighbors in need.

NAR Retains Clear Cooperation Policy; Introduces New MLS Policy to Expand Consumer Choice
The policy introduces a new category of exempt listings called “delayed marketing exempt listings.”

HV Pattern for Progress Touts Benefits of Microtransit in Region in HGAR/NAR Sponsored Report
“Reliable and flexible transit options, like microtransit, are essential. They connect people to jobs, education, health care and vital services.”

NAR’s Yun Predicts: ‘The Worst is Over’ in 2025
“My computer model is indicating that (for) home sales, the worst is over. The worst in inventory is over. I think the recession probability is still slim,” Yun said.

NAR: Existing U.S. Home Sales Rose 4.2% in February; Northeast Sales Fell 2%
“Home buyers are slowly entering the market,” said NAR Chief Economist Lawrence Yun.

February Single-Family Home Median Sales Prices Rose Throughout the Lower Hudson Valley, Despite Sales Declines in Most Regions
Reviewing February’s closed sales of single-family homes, only Rockland County and The Bronx saw gains of 7.1% and 4.2%, respectively.

NY Metro Region Secures More Than $92 Million in Funding for Affordable Housing Projects
Among the awarded projects, the Mid-Hudson and New York City regions secured a combined $92.1 million in funding.

OneKey MLS Marks Five-Year Launch Anniversary: A Conversation with Board Chairman Mark Boyland
OneKey MLS has emerged as the go-to-location for essential data on the New York metro area and is an indispensable resource for real estate professionals and consumers across the region it serves.

DiNapoli: Federal Funding Uncertainty Jeopardizes Up to $2 Billion of Inflation Reduction Act Funding
New York municipalities have been awarded at least $365.8 million for a variety of projects to reduce greenhouse gas emissions and other pollution and build resilience to climate change.