NAR: Northeast Existing-Home Sales Spiked by 8.5% in November; Prices Rose Nearly 10%
“Home sales momentum is building,” said NAR Chief Economist Lawrence Yun.
“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.
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.
Multiple press reports indicate that MTA Chief Financial Officer Kevin Willens said there is a current deficit of approximately $33 billion.
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.
In terms of transaction volumes, closed sales for single-family homes, condominiums, and co-ops were all down 8.7% regionwide from last year.
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.
Located at 121 McLean Ave., the community school will serve more than 600 students from Pre-Kindergarten to 8th grade.
Diaz said the rezoning and Penn Access project “will be a way for us to reimagine the whole area. We are going to end up being the paradigm of health care.”
Burke Rehabilitation’s Purchase/Fairfield Outpatient Therapy site provides a range of services including vestibular therapy, sports medicine and rehabilitation, concussion management, orthopedic medicine and rehabilitation, and physical therapy.
Located at 30 Water St. on the former site of the Village Department of Public Works property, the project will consist of two new buildings with 109 units of rental apartments.
To achieve Climate Smart Community certification, local governments accumulate points for planning and implementing actions that reduce greenhouse gas emissions and improve community resilience in the face of worsening impacts of climate change.
A longtime resident of Monticello in Sullivan County, Mr. Cellini was a tireless advocate for casino gaming, first as a Native American venture and later in support of the Resorts World Catskills project.
Receive original business news about real estate and the REALTORS® who serve the lower Hudson Valley, delivered straight to your inbox. No credit card required.