News

NAR Survey: First-Time Home Buyers Share of Market Falls Again

November 2015

WASHINGTON—The share of first–time buyers declined for the third consecutive year and remained at its lowest point in nearly three decades as the overall strengthening pace of home sales over the past year was driven more by repeat buyers with dual incomes, according to an annual survey released recently by the National Association of Realtors.…

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Former Orange County Exec. Diana Gets New Gig

November 2015

NEWBURGH—Former Orange County Executive Ed Diana has joined the Construction Contractors Association in Newburgh as its new director of membership, the CCA announced recently. “I look forward to starting this new endeavor and bringing my expertise and knowledge of the many things that attract businesses to Orange County and the Hudson Valley to the Construction…

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Westchester County Approves Incentives for Projects Worth Nearly $500 Million

November 2015

WHITE PLAINS—The Westchester County Industrial Development Agency granted sales and mortgage tax exemptions to four development projects valued at a combined $496 million on Sept. 24th. The largest project by far is the $275-million redevelopment of the outdated and nearly vacant Westchester Pavilion mall. All four projects are expected to create more than 3,100 construction…

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U.S. Appeals Court Backs HUD on Fair Housing Funding

November 2015

Astorino Claims Vindication on Zoning NEW YORK—While Westchester County government officials say a recent ruling by the United Stats Court of Appeals for the Second Circuit offered “a major vindication” for the county’s position concerning local zoning and home rule, the court in fact sided with the U.S. Department of Housing and Urban Development on…

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Sales Up in All Four Counties

November 2015

Realtors Predict Strong Home Sales Market Into 2016 WHITE PLAINS—Led once again by strong home sales gains in Orange County, the residential home sales market in the four-county region of the Hudson Gateway Association of Realtors continues to be very active. According to the recently released 2015 Third Quarter Residential Real Estate Sales Report for…

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HGAR to Move Headquarters to The Source at White Plains

August 2015

WHITE PLAINS—The Hudson Gateway Association of Realtors, Inc. will be relocating its headquarters offices from The Westchester Pavilion mall at 60 South Broadway to offices on the top floor of The Source at White Plains at the corner of Bloomingdale Road and Maple Avenue in White Plains, Real Estate In-Depth has learned. The Source at…

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HGAR, HGMLS Want You!

July 2015

WHITE PLAINS—To all members interested in elective office in either HGAR or HGMLS for 2016: the Nominating Committees for both HGAR and HGMLS will be meeting this month to start the process of selecting Realtor members to put forward as nominees for Director and Officer positions for 2016. If you would like to be considered…

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LCOR to Break Ground on $250M Project In Downtown White Plains

May 2015

WHITE PLAINS—LCOR Inc., the developer of the proposed mixed-use 55 Bank St. project near the White Plains train station, said recently that the Berwyn, PA-based firm hopes to break ground in May on the $250-million venture. James Driscoll, senior vice president of LCOR, said that financing was being finalized for the project that will feature…

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Monitor: County Could Face Hefty Fines For Federal Fair Housing Case Violations

May 2015

  WHITE PLAINS—In what appears to be an escalating battle between the court appointed Housing Monitor James Johnson and the Astorino administration, Johnson has charged that the county is in violation and in possible contempt of the terms of the 2009 federal fair housing case settlement. If found in contempt, the county could be subject…

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Warmer Weather Fuels Significant Increase in Home Listings

May 2015

WHITE PLAINS—As the industry had hoped, the warmer weather has prompted many homeowners to put their homes on the market for sale. In the HGAR region, for sale inventory has spiked considerably of late, according to figures compiled by the Hudson Gateway Multiple Listing Service, Inc. Earlier this year, several Realtors interviewed by Real Estate…

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