News
HGAR: April Median Sales Prices for Single-Family Homes Rose in Almost All Regions; Closed Sales Increased in Westchester, Rockland, Orange Counties
New listings of single-family homes rose in the Bronx, Westchester, Putnam, and Orange counties, while pending sales for all property types increased in every region except Rockland and Orange counties.
NAR Seeks Additional Court Review in DOJ Dispute
This dispute could have far-reaching implications beyond the real estate industry, as the split-decision ruling from the Circuit Court conflicts with the existing precedent of both the D.C. Circuit Court and the U.S. Supreme Court.
SPOTLIGHT ON: The New ‘Ageless’ Face of YPN
Martin and Hernandez are striving to solidify the message of what YPN is and what it offers to agents—regardless of their age.
Westchester Joint Water Works Proposed Deal Could Allow Filtration Plant Project Bids to Go Out in Late 2024
The consent decree, which still must secure court approval, will require WJWW to pay $1.25 million in civil penalties to the U.S. EPA ($600,000) and to New York State ($650,000).
Cross County Shopping Center Celebrates 70th Anniversary
Cross County was originally developed by Sol Atlas. The more than 70-acre property began operations with approximately 30 stores and the Cross County Hospital, which closed in the 1980s and was later redeveloped as a hotel.
Bronx EDC Launches $10-Milliion Microloan Program for Small Businesses
The new loan program builds on the Borough President and BXEDC’s commitment to support the growing small business sector in the Bronx and follows a $10-million loan program announced last fall.
NYS Gaming Commission’s New Timeline Sets Downstate Casino Decision at Year’s-End 2025
Allowing the proposals to clear the environmental review process would eliminate a nightmare for Gaming Commission staff since the projects would need to be updated and could be subject to change.
HGAR Leads Opposition to Implementing City of Mount Vernon Law to Increase Real Estate Transfer Taxes
With the median sales price for a single-family home in the City of Mount Vernon at $627,550 as of April, a 1.5% transfer tax translates to $9,413.25.
HGAR: New York Metro Area Home Prices Increased by More than 18% in First Quarter of 2024
New York City and the Hudson Valley continue to be among the most desirable locations in the nation, so it’s no surprise that inventory is at a premium and home prices are reflecting that.
Westchester CRE Market Ended First Quarter with Mostly Increased Activity
Boasting a vacancy rate in the low 4% and uninterrupted positive trends in rental rates, fundamentals for Westchester multifamily are strong.
Orange County Looks to Capitalize on New York State’s Investment in Clean Energy
The Orange County Partnership’s Eckert said that the latest solicitations serve as “a critical path item for advancing our clean energy future.”
NAR: New York Metro Region Posted Ninth Highest Home Price Increase in First Quarter at 18.4%
Compared to one year ago, the national median single-family existing-home price climbed 5% to $389,400. In the prior quarter, the year-over-year national median price increased 3.4%.