Due to stubbornly high mortgage rates, a greater share of international home buyers paid cash—47% compared to 28% among all buyers.
Another important provision in the OBBBA raises the SALT deduction cap from $10,000 to $40,000 for taxpayers earning less than $500,000, effective from 2025 to 2029, before reverting to $10,000 thereafter.
Leasing activity surged this quarter to over 360,000 square feet, a 45% increase from the first quarter of this year, with renewals representing 57% of executed transactions.
The Business Council of Westchester held a Summer Soiree at The Surf Club of New Rochelle on Aug. 9. HGAR was well represented at the event. From left, HGAR Director of Marketing Cathleen Stack; Mary J. Rose, V.P., CPCC, Gray & Christmas, Inc.; Carmen A. Bauman, HGAR Treasurer and HGAR Chief Executive Officer Richard Haggerty.
PHOTO BY JOHN VECCHIOLLA
With the support of our dedicated volunteer leaders and staff professionals, we’ve implemented strategic, thoughtful changes designed to eliminate waste, reduce redundancy and strengthen every facet of our association.
Thank you to the following Members who are leading the way in the 2025 RPAC campaign
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