News

Houlihan Lawrence Appoints Michael Rackenberg as Head of Commercial Division
Rackenberg will oversee the day-to-day operations of Houlihan Lawrence's Commercial Division and its 45 agents that offer boutique service for a broad range of clients locally and globally.

Report: Purchase and Rental Housing ‘Out of Reach’ for Many in the Hudson Valley
“The struggle to create housing that is affordable for people across the entire spectrum of income will be the defining civic issue for this generation of leaders in the Hudson Valley,” Pattern CEO Adam Bosch said.

Out Migration Has a Heavy Cost for NY State and Hudson Valley
Data shows that from 1996-2021, the Hudson Valley region lost a net total of 146,763 people to out migration, which calculates out to 5% of the Hudson Valley’s population.

Rockland County Warns Residents of Crooked Home Improvement Contractors
In 2023, the Rockland County Office of Consumer Protection investigated 617 complaints and returned $66,000 to homeowners.

$48-Million Yonkers Affordable Project Opens
Located at 23 Mulberry St. in the Hollow neighborhood of South Yonkers, the $48 million, four-story building has 60 energy-efficient, affordable apartments for seniors.

Gateway Tunnel Project Secures Final $6.88 Billion in Fed Funding
“Today marks a significant milestone on the path to ensuring the success of our nation’s most vital infrastructure project,” said New Jersey Gov. Phil Murphy.

Westchester Rent Guidelines Board Approves 2.5% Rent Hike
The diminishing property values have restricted property owners' access to loans for essential upkeep, renovations, and maintenance, leading to a rapid deterioration of rent-stabilized buildings in the coming years.

New York State Gaming Facility Location Board Revises Downstate Casino Timeline
The board expects to make decisions by Dec. 1, 2025, followed by commission licensure by Dec. 31, 2025.

NAR: Northeast Pending Sales Rose Slightly in May
The Pending Home Sales Index—a forward-looking indicator of home sales based on contract signings—decreased to 70.8 in May. Year-over-year, pending transactions were down 6.6%.

HGAR Recognizes Rockland County with Program Featuring Political, Business Leaders and Association Update
The program offered the latest home sales data and trends for Rockland County, updates on the NAR Commission settlement, and perspectives on topical business and political issues.

Gov. Hochul Puts Insurers on Notice Not to Discriminate Based on Source of Income, Affordable Units in Dwelling
The Department of Financial Services sent a “Circular Letter” on Monday to all insurers advising them of the prohibitions.

Rochester Firm Selected to Redevelop Downstate Correctional in Fishkill
Downstate Correctional Facility was a maximum-security prison until its closure in 2022.