Real estate
Communicating Offers of Compensation
Under practice changes that will take effect Aug. 17, real estate professionals will no longer be able to communicate offers of compensation in the MLS.
Realtor.com: NY Metro Region’s Median Listing Price Per Sq. Ft. Leads Nation With Nearly 85% Increase Since 2019
The New York metro region’s median listing price of $789,000 in May 2024 was 34% higher than in May 2019.
Northeast Pending Home Sales Slumped 3.5% in April
“The impact of escalating interest rates throughout April dampened home buying, even with more inventory in the market,” said Lawrence Yun.
Howard Hanna Real Estate Services Celebrates Successful Real Estate Convention
Real estate coach Brian Buffini provided practical advice on how agents can thrive in challenging conditions and use change as a lever for growth, drawing on his extensive experience in training over three million professionals in 37 countries.
HGAR Leads Opposition to Implementing City of Mount Vernon Law to Increase Real Estate Transfer Taxes
With the median sales price for a single-family home in the City of Mount Vernon at $627,550 as of April, a 1.5% transfer tax translates to $9,413.25.
HGAR: New York Metro Area Home Prices Increased by More than 18% in First Quarter of 2024
New York City and the Hudson Valley continue to be among the most desirable locations in the nation, so it’s no surprise that inventory is at a premium and home prices are reflecting that.
Westchester CRE Market Ended First Quarter with Mostly Increased Activity
Boasting a vacancy rate in the low 4% and uninterrupted positive trends in rental rates, fundamentals for Westchester multifamily are strong.
NAR: New York Metro Region Posted Ninth Highest Home Price Increase in First Quarter at 18.4%
Compared to one year ago, the national median single-family existing-home price climbed 5% to $389,400. In the prior quarter, the year-over-year national median price increased 3.4%.
Yonkers IDA Grants Preliminary Approval of Incentives for Two Projects Valued at Nearly $175 Million
Located at 632-636 South Broadway, The Parker will feature 160 new units of all affordable housing in an elevator building, with on-site parking. The apartments will be priced for families with incomes at or below 80% of the area median income.
NAR’s Yun Predicts Falling Long-Term Interest Rates, Rising Existing-Home Sales in 2024
In 2022, the median net worth of homeowners was $396,200, while the median net worth of renters was $10,400.
NY Fed Reserve Survey Reveals Increased Housing Price Growth Expectations; Renters Worry About Their Ability to Own a Home
While attitudes toward housing as a financial investment remained strongly positive, they weakened slightly from the previous year, as 67.1% of all respondents characterized buying property in their zip code as a “very good” or “somewhat good” investment.