News
New York City Picks Developer for $405M Hunts Point Produce Market Redevelopment
Backed by $405 million in city, state, federal funding, and an anticipated federal loan, the project will create a new state-of-the-art, intermodal food distribution facility.
Mortgage Applications Dropped Nearly 10% to End 2025, Despite Lower Rates
Mortgage rates started the New Year with a decline to 6.25%, the lowest level since September 2024.
NYC Mayor Mamdani Appoints Dina Levy as Housing Commissioner; Plans ‘Rental Ripoff’ Hearings in all Five Boroughs
Levy previously served as Senior Vice President of Homeownership and Community Development at Homes and Community Renewal (HCR), New York State’s affordable housing agency.
Orange County Land Trust Protects 421 Acres in the Lower Neversink River Watershed
The properties contain a contiguous expanse of forest, wetlands, and streams, as well as 1,150 feet of frontage on the Neversink River.
Realtor.com: It Takes More Than 23 Years to Save for a Down Payment in New York Metro Area
The New York metro region (New York-Newark-Jersey City, NY-NJ) ranked fifth among the metro areas with the longest time to save for a down payment.
NAR: Northeast Pending Home Sales Rose 1.8% in November
Homebuyer momentum is building. The data shows the strongest performance of the year after accounting for seasonal factors, and the best performance in nearly three years, dating back to February 2023.
OneKey MLS Expects Strong Q1 2026 Returns from November's Robust Price Growth and Surge in Pending Sales
Pending sales, especially the 5% jump across all property types, show buyers gaining confidence.
Former HGAR Official Named Newburgh Deputy City Manager
Neppl is a fifth-generation Newburgh native, attorney, and a 25-year veteran of New York State government and politics.
NAR: Northeast Existing-Home Sales Rose 4.1% in November
Wage growth is outpacing home price gains, which improves housing affordability. Still, future affordability could be hampered if housing supply fails to keep pace with demand.
Governor Signs Repeal of 100-Foot Rule for Natural Gas Hookups
Under legislation S.8417/A.8888 signed by Gov. Hochul, new applicants must pay 100% of the material and installation costs for gas service, as opposed to other ratepayers.
New York City Council Passes Controversial Housing Bills
The council passed a measure requiring a timeline be set on co-op transactions, but did not include requiring co-op boards provide a reason for a denial of an applicant.
Association Veteran Marty Nash Appointed HGAR Interim CEO
Nash has more than 20 years of experience in the Realtor association industry.