News
OneKey MLS: Median Single-Family Home Price Rose 8.2% in New York Metro Region Last Month
For single-family homes, there were reportedly 2,591 closed sales transactions and 2,424 pending sales transactions in January, representing a 5.0% decrease in closed sales
NAR: U.S. Existing Home Sales Rebounded in January
Total existing-home sales—completed transactions that include single-family homes, townhomes, condominiums and co-ops—rose 3.1% from December to a seasonally adjusted annual rate of 4.00 million in January.
Coalition Calls on State Legislature to Dig Up $650 Million to Patch Region’s Potholes
A report by TRIP, a Washington, DC-based national transportation research non-profit, calculated that crumbing roads and potholes cost New York State drivers $8.7 billion—an average of $715 per driver—last year in repairs, fuel and wear and tear.
Regeneron’s Expansion Propels Westchester IDA to Record Year in 2023
Like 2022, the Regeneron was the IDA’s largest project by far in 2023. The expansion project is expected to create more than 2,700 construction jobs.
Report: New York’s Housing Cost Burden Among Nation's Highest
More than one-third of households in the Mid-Hudson (37%) and Long Island (36%) regions are cost-burdened, higher than regions in the rest of New York.
NAR: Racial Minority Groups Make Some Progress in Homeownership, But Significant Obstacles Remain
Black (26%) and Hispanic (22%) applicants experience higher denial rates for mortgage applications compared to their White (16%) and Asian (15%) counterparts,
SPOTLIGHT ON: Ruth Lara Deane
While 62% of the National Association of Realtors is comprised of women, a little less than 20% are Broker/Owners. “We have advanced as women in leadership, but we’re still not there in terms of being equal to our male counterparts,”
HGAR’s Garafalo Takes Office as 2024 NYSAR Treasurer
Garafalo, a Realtor since 2000, currently serves as the sales manager at John J. Lease Realtors in Middletown.
Houlihan Lawrence Expands Hudson Valley Presence with Opening of Columbia County Office
“We are thrilled to be opening our first office in Columbia County and expanding our reach in the Hudson Valley,” said Liz Nunan, President and CEO of Houlihan Lawrence.
NAR: More Than 85% of Metro Areas Posted Home Price Gains in the Fourth Quarter of 2023
Among the major U.S. regions, the South posted the largest share of single-family existing-home sales (45%) in the fourth quarter, with year-over-year price appreciation of 3.2%. Prices also climbed 7.3% in the Northeast, 4.7% in the Midwest and 4.2% in the West.
White Plains Granted $10 Million in Downtown Revitalization Funding by New York State
In addition, the governor reported that two Orange County communities—the villages of Highland Falls and Montgomery—$4.5 million each from the NY Forward program.
Hudson United Mortgage Merges with 1st Priority Mortgage
Uniting 1st Priority Mortgage and Hudson United Mortgage offer a wealth of expertise and an expanded array of unique loan products, serving borrowers across the region, company officials stated.