Residential

Houlihan Lawrence Expands Hudson Valley Presence with Opening of Columbia County Office
“We are thrilled to be opening our first office in Columbia County and expanding our reach in the Hudson Valley,” said Liz Nunan, President and CEO of Houlihan Lawrence.

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.

Kevin Sears Steps into Role as NAR President
Sears says he is committed to NAR’s work to advocate for the real estate industry. He has played a critical role in driving member advocacy efforts through RPAC.

NAR Challenges Sitzer/Burnett Verdict in Post-Trial Motions
NAR expects to appeal the case to the court of appeals if the federal judge in Missouri does not grant NAR’s motions.

Siena Poll: Inflation Down; Consumer Index Up in NY Over Three Points
New York’s overall Index of Consumer Sentiment is 4.4 points above the national index of 69.7, despite a 1.6-point national increase.

Gov. Hochul Looks to Again Incentivize Housing Development in Her State of the State Address
The governor is proposing a new version of the 421a tax incentive in New York City to spur housing construction, as well as increased state funding for affordable housing projects.

Breaking News: NAR President Kasper Resigns Over Blackmail Threat; Sears Takes Over as Association President Immediately
Kasper stated in an announcement that she refused to compromise her position and in fact reported the threat to law enforcement. NAR President-elect Kevin Sears has stepped into the role of NAR President, effective immediately.

Regional Home Sales Decline Sharply in NY Suburban Markets in 2023; For-Sale Inventory Remains Low
A confluence of economic headwinds that included high-interest rates, inflation, low for-sale inventory, as well as international conflicts and domestic political discord, took their collective toll on the residential real estate sales market.

NYCDEP Was Top Taxpayer in Ulster, Putnam, Delaware and Schoharie Counties in 2023
DEP is a top taxpayer throughout the watershed region, paying taxes on the full-assessed value of land, structures, easements and most water supply infrastructure across 230,000 acres owned or controlled by New York City.

Central Harlem North Historic District, Edenwald Houses Nominated to the State and National Registers of Historic Places
A new historic district in Harlem, an industrial manufacturing complex in Poughkeepsie as well as the largest public housing complex in the Bronx are all candidates for recognition.

Pending Home Sales Flat in November; NAR Expects Higher Sales in 2024
The Northeast, Midwest and West posted monthly gains in transactions while the South recorded a loss. All four U.S. regions registered year-over-year declines in transactions.

NAR: U.S. Home Sales Ended Five-Month Slide in November; Northeast Sales Fell 2.1%
WASHINGTON—Existing-home sales grew in November, breaking a streak of five consecutive monthly declines, according to data released on Dec.