As State President, Phillips will oversee the council’s activities within New York State and act as a liaison between the regional vice president, the council’s leadership team, and its staff.
“Home sales momentum is building,” said NAR Chief Economist Lawrence Yun.
Inventory for all property types declined in almost all areas, except for Rockland’s condo and co-op markets, the latter with an 84.6% gain. The Bronx led the region for new listings, with a 31.9% increase.
Home buyers' median income jumped to a record high of $107,000, but they faced less competition thanks to higher interest rates and by offering larger down payments.
Among the major U.S. regions, the South saw the largest share of single-family existing-home sales (46%) in the third quarter, with year-over-year price appreciation of 1.7%. Prices also grew 5.3% in the Northeast, 5.2% in the Midwest and 0.6% in the West.
Editor’s Note: The push by the real estate industry to bring transparency to the co-op transaction process, particularly by
The Hudson Valley will confront a serious labor shortage over the next two decades as lower births, a wave of
ALBANY—In light of some criticism being leveled against Industrial Development Agencies in New York State, particularly the need and
NEW YORK—A joint venture between affiliates of New York City-based Cantor Fitzgerald L.P. and Harbor Group International, LLC
CHICAGO—The National Association of Realtors announced today that Nykia Wright has been appointed its interim Chief Executive Officer, starting
KANSAS CITY, MO—The National Association of Realtors and two codefendants were found liable Tuesday (Oct. 31) in the federal
NEW YORK—New York Attorney General Letitia James released a scathing report earlier today on what she termed as a
WASHINGTON—Pending home sales rose 1.1% in September, according to the National Association of Realtors. The Northeast, Midwest and
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NEW YORK—Real estate is a driving economic force in New York State, and politics and policy can have a
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