News
Compass to Acquire Anywhere Real Estate for Approximately $1.6 Billion
The transaction is expected to diversify Compass by adding over $1 billion in revenue from Anywhere's established franchise, title and escrow, and relocation operations.
Mamaroneck Apartment Building Trades for $11 Million
The 13-unit building traded for $846,156 per unit, which is a record for Mamaroneck and the second highest price per unit in Westchester County.
Fed Lowers Interest Rate a Quarter Point and Hints of More Cuts in 2025
All members of the FOMC voted in favor of the 25-basis-point cut with the exception of newly appointed member Stephen I. Miran, who preferred to lower the target range for the federal funds rate by 50 basis points.
NAR Survey Finds Realtors Embrace AI and Digital Tools to Enhance Client Service
Two out of three agents either agree (38%) or strongly agree (29%) that their brokerage provides all the tech tools they need.
Mortgage Application Payments Increased Nearly 30% Last Week as Rates Fall
The refinance share of mortgage activity increased to 59.8% of total applications from 48.8% the previous week.
BREAKING NEWS: $2.3-Billion MGM Empire Casino Faces Critical Vote on Sept. 25; CACs Reject Two Major NYC Casino Plans
The CAC will meet on Thursday, Sept. 25 at the Yonkers Riverfront Library at 10 a.m., where it will likely vote on whether to approve or disapprove the MGM Empire City plan.
HGAR President Vlora Sejdi Named to 2026 NAR Leadership Academy Class
The 20 NAR members selected will participate in a diverse range of educational experiences as they join a nationwide community of volunteer leaders.
CBRE: Homeownership Slips Out of Reach for 1.8 Million More U.S. Renters Amid High Mortgage Rates and Home Prices
The New York market’s buying premium was 117% with a new mortgage payment of $7,888 versus the multifamily effective rent of $3,639 as of the second quarter of this year.
EXCLUSIVE: Massive Amazon Project Faces Critical Vote Next Month
The Planning Board closed the public hearing, which signals a vote on the project’s site plan application and height exemption could come at the Planning Board’s next scheduled meeting on Wednesday, Oct. 8.
NY Metro Housing Market Shows Steady Momentum Amid Regional Price Swings
Month-over-month comparisons revealed significant regional variation. Sullivan County led the surge with a 16.4% jump in median home prices, followed by Putnam County with an 11.3% increase.
NewYork-Presbyterian Opens a Center for Advanced Care in White Plains
The 225,000-square-foot facility, centrally located in White Plains at 1111 Westchester Avenue, will offer adult and pediatric care spanning more than 90 specialties and subspecialties.
Report: Black Homeownership Rate Drops to Lowest Level Since 2021
The Black/African American unemployment rate was 7.2% as of July, up from 6.3% a year earlier and the highest level since October 2021.