WASHINGTON—Single-family home construction is currently lacking in 80 percent of measured metro areas despite steady job creation and the low activity is creating a housing shortage crisis that is curtailing affordability and threatening to hold back prospective buyers in many of the largest cities in the country, according to new research from the National Association…
Read MoreA Legal and Business Perspective In the 2011 film Moneyball, Brad Pitt’s character, Oakland Athletics General Manager Billy Beane, opines at the end of a nearly triumphant season, “How can you not be romantic about baseball?” Similarly, real estate agents and brokers may ask themselves a similar question about buying and selling homes. The…
Read MoreAs reported in HGAR’s 2016 second quarter residential real estate sales report, the Hudson Valley continues to experience increased sales volume. This long awaited market condition has produced a five-year high of second quarter sales reaching an overall 23% increase in closings over the same period in 2015. Putnam County, at 32%, had the largest…
Read MoreFirst, a disclaimer, I am blatantly biased as I write this month’s article. I have been a huge fan of HGAR’s Legal Counsel Edward I. Sumber for more than three decades. In my opinion Ed has been one of the most effective and knowledgeable association legal counsels in the country, and he has earned the…
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What began as the Westchester County Board of Realtors in 1916 has, over time, transformed itself into what we now know as the Hudson Gateway Association of Realtors. Apart from the natural growth of the industry that has been the main driver of our membership, we have also had multiple opportunities to join forces with…
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In mid-August President Elect Dorothy Botsoe and I made the trek to Chicago to the National Association of Realtors 2016 Leadership Summit. NAR conducts the Leadership Summit every year for the association’s incoming President and the CEO. In addition to numerous updates on NAR initiatives, the program provides the incoming President of NAR the opportunity…
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news
POUGHKEEPSIE, NY—Vassar Brothers Medical Center, broke ground on Sept. 13 on its historic, nearly half-billion-dollar construction project: a 696,000-square-foot patient pavilion. “This is so much more than just a new building,” said Ann McMackin, president of the medical center. “It’s a symbol of the renewed economic growth in Dutchess County and the mid-Hudson Valley and…
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legal-advocacy
It is critical for real estate agents to know and understand what information they may or may not provide to clients when describing or providing information about a new development or a particular neighborhood or area. Many times this occurs when a buyer is looking for newly constructed homes as well as existing homes. Many…
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people
Ayall Schanzer, principal at Greiner-Maltz Realty Advisors, reported recently that Paul J. Pallett has joined Greiner-Maltz’s Westchester team based in Rye Brook as the firm’s newest associate broker. Pallett, a Pelham Manor resident, has more than 34 years of successful real estate experience with a gross amount of leases and sales totaling approximately $200 million…
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commercial
WHITE PLAINS—The long-rumored sale of The Galleria at White Plains mall is finally reality. Pacific Retail Capital Partners of El Segundo, CA has acquired the nearly 900,000-square-foot enclosed mall from Simon Property Group. No purchase price was reported. Pacific Retail announced the purchase earlier this week as one of three regional malls totaling 2.8 million…
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technology
High Dynamic Range Photography High Dynamic Range (HDR) photography is the “trick” that many real estate photographers use to obtain great looking photos for their listings. Basically, HDR photography involves merging under, over and normally exposed photos into a single picture. For Realtors, the typical goal of using HDR photography is to help bring out…
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mortgage
MIDDLETOWN—Orange County Trust Company announced recently it changed its name to Orange Bank & Trust Company. With the new name change and signage comes word from bank officials that the bank plans to continue to grow its operations in the region. The name change supports the bank’s strategic plan to remain independent, position itself for…
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