Residential

Howard Hanna | Rand Realty Announces Leadership Changes
Veteran JP Endres will open Howard Hanna | Rand Realty's new Scarsdale office, and Jeanne Shields will become the New City branch manager while continuing to foster growth in Clarkstown and Rockland.

U.S. Pending Home Sales Fell to Record Low in October
Pending home sales dropped 1.5% in October, the lowest level since NAR started tracking pending sales more than 20 years ago. But a turnaround could be sight.

Gov. Hochul Requests Major Federal Disaster Declaration for Damage in NYC Region Caused by September Torrential Rains
Federal Assistance would enable New York, Long Island and the Mid-Hudson Region's communities and small businesses to deal with the fallout from flooding, debris and damage from six inches of rain in 24 hours.

FHFA Raises Conforming Loan Limit Values for 2024
New one-unit CLL values in the Bronx, Manhattan, Westchester, Rockland and Putnam counties will be $1,149,825.

Realtor.com 2024 Housing Forecast: Housing Affordability Finally Begins to Turnaround
Lower mortgage rates and easing prices will spark an affordability turnaround, but tight inventory will make renting a competitive option in most markets.

Westchester LDC, IDA Boards Approve Financing Deals For New York Blood Center, Senior Housing Projects
The former Avon Headquarters will be redeveloped into a new $108 million facility for the New York Blood Center and Crescent Manor Ossining, a new $44.5 million affordable housing project.

U.S. Existing-Home Sales Fell 4.1% in October
Existing home sales fell year over year all over the United States, down 14.6% to a seasonally adjusted rate of 3.79 million completed transactions that include single-family homes, townhomes, condominiums and co-ops.

Eight Questions for NAR Interim CEO Nykia Wright
Wright takes the helm of NAR November 27 as interim CEO and doesn't shy away from a challenge. What can NAR members and staff as she steps into the role?

National Association of Realtors Installs 2024 Leadership
Tracy Kasper, president, Kevin Sears, president-elect and 18 other national and regional vice presidents assumed their offices at NAR NXT in Anaheim.

NAR Attorneys: Buyer Representation Is Not a Thing of the Past
Pros should continue to use buyer representation agreements that provide an opportunity to talk about your value, the services you provide and how you will work in the client’s best interests.

NAR Chief Economist Forecasts Existing Home Sales Will Rise 15% Next Year; Mortgage Rates Will Range Between 6%-7% by Spring 2024
Pent-up demand and falling interest rates will drive demand in 2024. People will say "life goes on" and the market will move again.

Governor Signs Deed Theft Protection Bill
Gov. Kathy Hochul moved to protect NY homeowners from deed theft by pausing evictions and empowering prosecutors to invalidate fraudulent sale and loan documents.