News
Welcome Home Westchester Campaign Challenges Municipalities to Tackle Housing Crisis
The campaign unveiled its “5 in 2025” agenda, highlighting five actions that municipalities can take on their own to remove barriers to building the housing needed.
Fonesca Named Yonkers Planning & Development Commissioner
Fonseca joins the City of Yonkers with 27 years of experience, collaborating on diverse projects for municipalities and both national & international commercial clients
SPOTLIGHT ON: Stacey Pinkas
After getting her feet wet in her real estate career, Pinkas eventually gravitated to the Hudson Gateway Realtor Foundation.
Catholic Charities of New York Inks 77,130-SF Office Lease Deal at 80 Maiden Lane
The nonprofit organization will expand its existing operations in the property and consolidate various Midtown locations.
EXCLUSIVE: NYSDOT Report: Route 17 Expansion Alternatives to be Studied Will Cost More Than $1.3 Billion Each to Complete
For the build alternative that involves the construction of a general use third lane with interchange improvements and mobility and access improvements, the total cost estimate is $1,412,500,000.
NAR: U.S. Existing-Home Sales Dipped 2.5% in August
Existing-home sales in the Northeast in August faded 2.0% from July to an annual rate of 480,000, which was identical to August 2023.
Yun: Fed Rate Cut May Have Little Impact on Mortgages
“The Fed’s half-point rate cut decision is the beginning of six to eight rounds of further rate cuts well into 2025,” says Lawrence Yun, chief economist at the National Association of Realtors.
HGAR: August Median Single-Family Home Sales Prices Rise in The Bronx and all Lower Hudson Valley Regions
Sales of single-family homes declined in all six areas, with the Bronx experiencing the largest decline at 18.5%, followed by Rockland County with a 10.6% drop.
MTA Proposes $68.4-Billion Capital Program; Funding Sources in Question
Multiple press reports indicate that MTA Chief Financial Officer Kevin Willens said there is a current deficit of approximately $33 billion.
Moving Forward: The NAR Settlement, Updated Forms and the Future
It is important for brokers and agents to note that where a similar form has been made available by both HGAR and NYSAR, those forms do contain varying provisions. Every broker must carefully review each form, and ultimately determine which they would like to utilize.
New York Regional Single-Family Home Price Jumps 8.4% in August 2024
In terms of transaction volumes, closed sales for single-family homes, condominiums, and co-ops were all down 8.7% regionwide from last year.
MLS Advisory Board Continues Evaluating Clear Cooperation Policy
The Clear Cooperation Policy requires listing brokers to upload their publicly marketed listings within one business day to an MLS. The policy aims to promote healthy competition in the market.