News
Westchester County Executive Latimer Signs Bills to Fund Land Deals for Affordable Senior Housing Developments in Ossining and Yonkers
“Our responsibility as a county government is to make sure that the opportunity for affordable housing is always there. Having access to decent housing is a basic, human right, and homes need to remain at a price point that all people can afford,”
Apartment Towers at White Plains Train Station Acquired by Chicago-Based Firm for Reported Price of $195 Million
The property was originally developed at a reported cost of approximately $250 million and was one of the first new major multifamily projects to be built in White Plains in some time.
Carmen Bauman Installed as 2024 HGAR President
“This year you will hear me speak about ‘Stronger Together’ because that is what we are. We are stronger together,” Bauman told the Installation Gala event gathering.
Attorney General Reaches Agreement with New Rochelle Brokerage on Discrimination Charges
“This agreement will open up housing specifically for low-income New Yorkers and send a clear message that this kind of discrimination is unacceptable in our communities,” said New York Attorney General Letitia James.
NAR Supports Centralization of Compensation Lawsuits
NAR’s view is that all relevant cases should be included in any consolidation (including buyer and seller cases), and the Northern District of Illinois is best placed to address the industrywide issues these cases present.
HGAR’s Fernandez, Levine Provide Insights on 2024 Market Activity, RE Legal Issues
One promising theory being discussed by some real estate analysts and something Fernandez advised Realtors to watch for in 2024 is a possible “Silver Tsunami” of retiring Baby Boomers who will be putting their homes on the market.
New York Regional Home Price Increased Slightly in 2023
Closed sales transactions decreased 15.00% in December 2023 in a year-over-year comparison from 3,270 in December 2022 to 4,406 in December 2023.
NAR Forecasts a 13% Increase in Existing-Home Sales This Year
“The housing market is off to a good start this year, as consumers benefit from falling mortgage rates and stable home prices,” said NAR Chief Economist Lawrence Yun.
Brokers Predict Strong Activity for Multifamily, Industrial Markets; Troubles to Continue for Office Sector in 2024
Brokers contend that companies will be attracted to Class A-type space, while properties rated at either B or C will have trouble attracting tenants.
Report: Westchester Multifamily Fundamentals Were Strong, Office, Retail Remained Stable Despite Sluggish Demand in 2023
Asking multifamily rents moderated slightly but overall fundamentals are strong. However, under-construction unit count continues to decline as developers are facing meaningful increases in construction and financing costs.
Westchester Board of Legislators Approve Purchase, Land Conveyance for Two Senior Projects
The two affordable properties will help ease the housing shortage for senior citizens in Westchester, where seniors living on fixed incomes struggle to afford rising housing costs.
Regional Plan Association Says ‘No’ to Route 17 Third Lane
The Regional Plan Association's report claims there is no three-lane requirement for an interstate highway, citing Interstates I-87 and I-84, which have two lanes in each direction for most of their routes.