News

Northeast Home Sales Flat in August; Down Nearly 23% From Year Earlier

September 22, 2023

WASHINGTON—Existing-home sales moved lower in August, according to the National Association of Realtors. Among the four major U.S. regions, sales improved in the Midwest, were unchanged in the Northeast, and slipped in the South and West. All four regions recorded year-over-year sales declines. Total existing-home sales—completed transactions that include single-family homes, townhomes, condominiums and co-ops—slid…

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Alliance for Balanced Growth Tackles New York’s Evolving Green Energy Future

September 21, 2023

The Alliance for Balanced Growth at its recent second quarter session entitled “Construction Development in the New Clean Energy Economy” tackled the complex and sometimes confusing seismic shift of New York State’s energy grid from fossil fuels to renewable green energy sources—solar, wind, biomass, water and geothermal. Participating panelists at the program held at The…

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Veteran Real Estate Attorney to Be Honored As 2023 ‘Woman of Achievement’ on Oct. 3

September 21, 2023

MIDDLETOWN—The Orange County Partnership has announced that Kelly Naughton, partner at the Goshen law firm Naughton & Torre, LLP, has been named the organization’s 2023 “Woman of Achievement in Economic Development” honoree. Naughton, a resident of The Town of Wallkill, will receive her award at the Orange County Partnership’s Investor Breakfast on Tuesday, Oct. 3…

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Woodbury Common Submits Plans for $250-Million Expansion

September 21, 2023

CENTRAL VALLEY—Experts that contend brick and mortar retail is dead, apparently have not heard of Woodbury Common Premium Outlets in Orange County. Owner Simon Property Group announced today it has officially presented plans for another expansion of the property located at the intersection of I-87 and Route 17. The latest expansion plan is valued at…

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Companies Can Tap into the Benefits Of Orange County’s Foreign Trade Zone

September 20, 2023

GOSHEN—Orange County operates US Foreign Trade Zone #37. The Foreign Trade Zone was established by the federal government in May of 1978. It was intended to provide an economic boost to the greater Newburgh/New Windsor area that endured a significant blow when Stewart Air Force Base closed in 1971. Presently, the Orange County-Foreign Trade Zone…

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Orange County Eco. Summit Focuses on Growing Tourism, Hospitality & Film Production Sectors

September 20, 2023

MIDDLETOWN—More than 300 people attended the second annual Orange County Economic Summit on Friday, Sept. 15 which focused on the county’s high-growth tourism, hospitality and film production industries. The program, held at Orange Hall at the SUNY Orange campus in Middletown, featured presentations and panel discussions by a host of political and economic development leaders,…

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Celebrating Hispanic Heritage Month

September 18, 2023

As we enter Hispanic Heritage Month, we come together not only to celebrate the rich history, vibrant cultures, and significant contributions of Hispanic individuals to our society, but also to recognize the deep personal connection many of us have to this celebration. This month, observed from Sept. 15th to Oct. 15th, is a time to…

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OneKey MLS Relaunches Enhanced OneKeyMLS.com Website

September 14, 2023

NEW YORK—OneKey MLS announced on Thursday, Sept. 14 it had launched an enhanced version of OneKeyMLS.com, the consumer property search portal offering property listings in New York City, Long Island and the Hudson Valley region from 49,000 subscribers and 4,500 participating offices in the New York regional coverage area. The new site features more in-depth…

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$51 Million Affordable Housing Project Opens in Peekskill

September 12, 2023

PEEKSKILL—State and local officials joined the developer on Sept. 11 to celebrate the completion of a $51-million affordable housing project in Downtown Peekskill. The 645 Main St. development includes 82 apartments affordable to households earning between 40% and 80% of the Area Median Income, and a 140-space parking garage. The developers are the Housing Action…

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Construction Continues; Buyer Demand Strong at Edge-on-Hudson Development

September 8, 2023

SLEEPY HOLLOW—The mixed-use Edge-on-Hudson community being built at the former site of a General Motors minivan assembly plant on the shores of the Hudson River has achieved a series of construction and sales milestones as the project enters new project phases of development. Project developers noted that it has been four years since home sales…

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Mortgage Applications Fall to Lowest Level in 28 Years

September 7, 2023

WASHINGTON—The Mortgage Bankers Association reported on Sept. 6 that mortgage applications decreased 2.9% from one week earlier, according to data from the association’s Weekly Mortgage Applications Survey for the week ended Sept. 1, 2023. The Market Composite Index, a measure of mortgage loan application volume, decreased 2.9% on a seasonally adjusted basis from one week…

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$37-Million Newburgh Affordable Housing Project Completed

September 7, 2023

NEWBURGH—New York State, county and city officials announced on Sept. 6 the completion of the $37-million East End II affordable housing project in the City of Newburgh. The East End II project has encompassed the renovation or construction of 24 properties and created 62 affordable homes, including 10 units with supportive services. The project also…

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Report: COVID-19 Worsened NYC’s Property Tax Disparity

September 7, 2023

ALBANY—The COVID-19 pandemic has caused property tax disparity to worsen in New York City, driving housing costs higher for many, according to a report released on Sept. 6 by New York State Comptroller Thomas P. DiNapoli. Property tax disparities have been well documented for decades by advocates, fiscal monitors and the city, but the report…

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HGAR Realtor Raises Almost $3K for Charity in Colorado Gravel Bike Ride

September 5, 2023

Matt McAllister, an agent with Corcoran Baer & McIntosh in Nyack and COO at Statewide Abstract, has raised almost $3,000 to date for the Hudson Gateway Realtor Foundation, through his recent 142-mile Steamboat Gravel Bike Race in Steamboat Springs, Colorado. To date, McAllister’s GoFundMe page has garnered $2,706 in donations and it will remain open…

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In Memoriam: Veteran Realtor, Association Executive Don Cummins III

September 4, 2023

The Hudson Gateway Association of Realtors regrets to inform its membership of the tragic passing of real estate veteran, HGAR member, association executive and attorney Don Cummins III on Friday, Sept. 1 at the age of 54. Cummins was previously the Team Leader at Keller Williams Realty Partners of Baldwin Place and formerly served as…

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Construction to Begin This Fall on $350-Million Movie Studio at Pier 94 on Manhattan’s West Side

August 30, 2023

NEW YORK—The developers of the long-anticipated movie/television studio project at Pier 94 on Manhattan’s West Side say that construction is expected to begin this fall on the $350-million, public-private partnership venture. On Aug. 29, Vornado Realty Trust, Hudson Pacific Properties, Blackstone, the City of New York, and the New York City Economic Development Corporation announced…

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NAR President Parcell Resigns Amid Sexual Harassment Allegations

August 29, 2023

CHICAGO—Two days after a New York Times report that detailed claims of sexual harassment against National Association of Realtors President Kenny Parcell, the Utah-based Realtor executive, while denying the allegations, resigned from the post on Monday (Aug. 28) effective immediately. President-Elect Tracy Kasper took over as NAR President effective immediately. The allegations and subsequent fallout…

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Mark Seiden Real Estate Team Joins Howard Hanna | Rand Realty

August 25, 2023

BRIARCLIFF MANOR—Howard Hanna | Rand Realty announced on Aug. 24 that the “Mark Seiden Real Estate Team,” of Briarcliff Manor has joined the regional brokerage firm. The deal marks the addition of another independent Westchester County-based real estate brokerage to the Howard Hanna | Rand Realty firm. Back in May, Howard Hanna | Rand Realty…

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