Residential

Houlihan Lawrence Strikes Deal With the ‘Uber of Helicopters’

April 2017

RYE BROOK—Residential brokerage firm Houlihan Lawrence announced on April 25th that it entered an exclusive marketing partnership with BLADE, a private aviation startup that has been coined by some as “the Uber of Helicopters.” The partnership, which began this month, will bring prominent exposure for properties listed with Houlihan Lawrence, appearing to BLADE fliers throughout…

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Builders Say Canadian Lumber Tariff Will Be Costly for Homebuyers and Economy

April 2017

WASHINGTON—The Trump Administration’s decision earlier this week to impose tariffs or duties on Canadian imported lumber could have significant impacts on prospective new homebuyers as well as the U.S. economy, the National Association of Home Builders warns. Earlier this week, the Trump Administration announced it was imposing tariffs on imported Canadian lumber ranging from 3.02%…

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Westchester’s Housing Market Offers Opportunities for Buyers and Sellers

April 2017

Westchester County is vibrant and spring always ignites a sense of urgency in the residential sales market. Buyer demand is high and sellers who have priced their homes wisely have seen them sell quickly. However, overvalued homes sit on the market for some time. The strong buyer demand, combined with low for-sale inventory, have fueled…

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Majority of Realtors Say Clients Interested in Sustainability

April 2017

WASHINGTON—Growing consumer interest and demand for greener, more sustainable properties is driving a dialogue between Realtors and homebuyers and sellers. Over half of Realtors find that consumers have interest in real estate sustainability issues and practices, according to the National Association of Realtors’ recently released “Realtors and Sustainability” report. The report, stemming from NAR’s new…

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Westchester Foreclosure Filings Fell in 2016 But Judgments Remained Troublingly High

April 2017

WHITE PLAINS—Statistics released by the Westchester County Clerk’s office on April 10 point to a falling market share for foreclosed and distressed properties in Westchester County. Westchester County Clerk Timothy C. Idoni reported that foreclosure filings in 2016 were down 54.8% from their all-time high in 2009 (3,123), but judgments on foreclosure actions last year…

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Hudson Valley Home Sales Rise, Inventory Falls in First Quarter

April 2017

WHITE PLAINS— High sales rates, a sharp decline in inventory, and an uneven pattern of price increases across the region marked 2017’s first quarter entry to the real estate market recovery of the past five years, according to the recently released “2017 First Quarter Residential Real Estate Sales Report for Westchester, Putnam, Rockland and Orange…

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SPOTLIGHT ON: Donna Riniti

April 2017

Daily Puzzle Solver Donna Riniti, senior managing director of Coldwell Banker’s 63-person Yorktown Heights office, credits a bad experience years ago with a Texas real estate agent for prompting her to get into the real estate business. Originally from Texas, Riniti decided to sell her home on her own prior to moving to the Northeast.…

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Haverstraw Establishes ‘No Knock Registry’

April 2017

HAVERSTRAW—The Town of Haverstraw has joined a growing number of Rockland County municipalities to enact a “No-Knock” registry. The Haverstraw Town Board recently approved an amendment to its peddling and solicitor law and established a no-knock registry, according to a report in the Journal News. Town Supervisor Howard Philips told the newspaper that the amendment…

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HGAR Panel Helps Debunk Section 8 Myths

April 2017

WHITE PLAINS—Approximately 100 real estate professionals attended a program on April 4th at the Hudson Gateway Association of Realtors’ offices in White Plains that provided answers to the sometimes complex and often-times confusing regulations surrounding Section 8 housing and Source of Income legislation. The “Breakfast with Benefits” program entitled “Common Myths About Section 8 Housing”…

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BARRISTER'S BRIEFING: What Personal Assistants Can and Cannot Do

April 2017

Personal assistants, although typically unlicensed, can provide an enormous benefit to Brokers and Office Managers in performing necessary administrative tasks. There are instances in which a personal assistant may also be licensed as either a Salesperson or Associate Broker, and work in that capacity as well. However, those types of rare instances invoke tax and…

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NAR Sounds Alarm on Upcoming Flood Insurance Expiration

March 2017

WASHINGTON—The National Association of Realtors is urging Realtors as well as consumers to the pending expiration of the National Flood Insurance Program on Sept. 30. NAR officials warn that a possible program expiration would harm consumers and threaten the health of the residential real estate market. While NAR is working closely with federal regulators and…

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Key Yonkers Development Projects Get Green Light

March 2017

YONKERS—While some major multifamily construction projects in Yonkers have already broken ground, the City Council and the Yonkers Industrial Development Agency have recently granted approvals for a host of new development ventures in the city. The Yonkers City Council voted on March 21 to rezone 705 Bronx River Road from commercial to residential use, which…

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Ginsburg Debuts Newest Rental Property in Downtown White Plains

March 2017

WHITE PLAINS—Longtime residential development firm Ginsburg Development Companies of Valhalla recently unveiled its most recent addition to its multifamily portfolio—the newly renamed “The Metro” in Downtown White Plains. GDC Principal Martin Ginsburg took the wraps off his firm's 124-unit, 12-story asset at 25 Martine Ave. at an event held on March 20th. The firm acquired…

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Houlihan Lawrence Lands Cambium Assignment

March 2017

LARCHMONT—Residential brokerage firm Houlihan Lawrence reported recently it was designated the exclusive sales and marketing agent for The Cambium condominium property. Sales for the residential development will now be led by agent Mary Gail Barry of Houlihan Lawrence. Developed by Byron Place Associates, LLC, The Cambium—located at 10 Byron Place—brings the luxury of Manhattan lifestyle…

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Stillman Property Management Signs New Clients

March 2017

HARRISON—Stillman Property Management, a full-service property management company based in Harrison, announced it has been selected to provide management for new properties in Westchester and Fairfield counties. The Westchester County properties added to Stillman’s client roster include: 15 South Division St., a commercial and residential mixed-use building in New Rochelle; Stonecrest, an eight-story cooperative residential…

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County Selling ‘Fair and Affordable’ Priced Homes as Part of Court Case

March 2017

WHITE PLAINS—Westchester County officials announced on March 9th that applications were being accepted for more that 30 new, fair and affordable homes in Westchester. The available properties are single-family homes and condominiums, ranging in size, from one to five bedrooms. All of the homes are in good condition and located in: Bedford, Buchanan, Cortlandt, Harrison,…

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NAR Survey Finds Generation X on the Mend

March 2017

WASHINGTON— An improving economy, multiple years of strong job growth and the notable increase in home values in most markets fueled a greater share of purchases from Generation X households over the past year. That new finding is according to the National Association of Realtors 2017 Home Buyer and Seller Generational Trends study, which evaluates…

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