Residential

May Pending Home Sales Notch Record-Setting 44.3% Increase

July 2020

WASHINGTON—Pending home sales mounted a record comeback in May, seeing encouraging contract activity after two previous months of declines brought on by the coronavirus pandemic, according to the National Association of Realtors. Every major region recorded an increase in month-over-month pending home sales transactions, while the South also experienced a year-over-year increase in pending transactions.…

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NYC Brokers Discuss COVID, Market Activity, ‘Black Lives Matter’

June 2020

WHITE PLAINS—The Hudson Gateway Association of Realtors and co-sponsor TitleVest recently assembled a panel of powerhouse New York City residential brokerage executives who offered candid assessments of the area’s real estate markets now and going forward and what the real estate industry must do in this time of civil unrest. The online panel discussion held…

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NY State’s New Fair Housing Regulations Now in Effect

June 2020

ALBANY—The New York State Department of State announced that the new regulations for real estate professionals to help combat housing discrimination took effect on June 20, 2020. The new regulations, which the New York State Real Estate Board approved in December 2019, mandate enhanced disclosures by real estate professionals to help ensure prospective home buyers,…

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OneKey MLS Consumer-Facing Site Serving Greater NY Metro Goes Live!

June 2020

NEW YORK—Consumers now have access to a listing search portal that boasts approximately 40,000 listings from some 500 communities throughout the New York metropolitan area. Officials with OneKey MLS staged a virtual press conference on Monday, June 22 to announce that the consumer-facing MLS platform, which provides real estate professionals and their clients unprecedented access…

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Existing-Home Sales Fall 9.7% in May; NAR Expects Strong Rebound in Coming Months

June 2020

WASHINGTON—Existing-home sales fell in May, marking a three-month decline in sales as a result of the coronavirus outbreak, according to the National Association of Realtors. Each of the four major regions witnessed dips in month-over-month and year-over-year sales, with the Northeast experiencing the greatest month-over-month drop at 13%. Total existing-home sales, completed transactions that include…

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OneKey MLS Now Live for Consumers

June 2020

NEW YORK—The first regional MLS in the New York Metro area, OneKey MLS, has announced the launch of its new consumer search website—OneKeyMLS.com. The new listing search portal offers consumers more than 40,000 listings and some 500 communities throughout the New York Metropolitan area, making it the largest selection of for sale and lease listings…

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Susanna Cronin Named Manager Of Houlihan Lawrence Rye Office

June 2020

RYE—Houlihan Lawrence announced on June 15th the appointment of Susanna Cronin as the new manager of its Rye brokerage. Cronin, who has more than two decades of experience in residential real estate, has lived in Rye for the past 25 years and has an intimate knowledge of the Sound Shore communities, company officials stated. Cronin…

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Halstead Merges with Brown Harris Stevens

June 2020

NEW YORK—The owners of Terra Holdings announced recently that brokerage firm Halstead is now part of Brown Harris Stevens. The strategic restructuring of Terra Holdings subsidiaries significantly expands the footprint and resources of Brown Harris Stevens residential brokerage. The transition will occur with a phased in approach beginning in New York City. Senior management of…

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Is this the Trough? Unprecedented Drop in Growth, Large Job Losses, But Purchase Applications Signal a Rebound

June 2020

By Mike Fratantoni and Joel Kan The extraordinary impact from COVID‐19 social distancing measures and business closings is impacting the economy and job market in unprecedented ways. While April economic data has been uniformly awful, more recent data on purchase applications indicate significant pent up demand for housing. Housing demand is strengthening as more states…

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Work Progresses on $300M Hudson Heritage Mixed-Use Project in Town of Poughkeepsie

June 2020

TOWN OF POUGHKEEPSIE—Developers are undertaking substantial demolition and renovation work as they move forward with the Hudson Heritage mixed-use community being developed on 156 acres on Route 9 across from Marist College. The $300-million project will include housing, a hotel and conference center, retail, a supermarket, restaurants, entertainment, and medical and office space. The site…

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Westchester Disinfectant Service Company Offers Sanitization Program for New Homeowners, Renters

June 2020

RYE BROOK—National Disinfection Services announced on May 15th it is launching what it terms is a “socially minded, one-of-a-kind” residential “Certification of Disinfection” program. The program comes with the “Clean Home Certified” seal of approval—an attestation that their new home is 99.9% free of any and all disease-bearing pathogens like COVID-19. “Given the new realities…

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NAR Identifies Top 10 Housing Markets for Millennials During the Pandemic

June 2020

WASHINGTON—– The National Association of Realtors issued a report today identifying 10 housing markets with favorable conditions for Millennial homebuyers during the coronavirus pandemic. None of the major cities in the Northeast made the list. The only metro area on the East Coast to make the top 10 Millennial list was Durham, Chapel Hill, NC.…

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Mid-Hudson Region Begins Phase One; Real Estate Industry Awaits Phase Two

May 2020

ALBANY—On Tuesday, May 26th, segments of the construction and manufacturing sectors of the Mid-Hudson regional economy were allowed to go back to work after being shut down under Gov. Andrew Cuomo’s “New York on Pause” restrictions imposed in March to prevent the spread of the Novel Coronavirus. Gov. Andrew Cuomo first announced on May 22…

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