BEDFORD—Corcoran Legends Realty, a franchisee of Corcoran Group LLC, recently announced its acquisition of storied local real estate brokerage firm Renwick Real Estate in Bedford, NY. The addition of Renwick Real Estate’s agents and central Bedford office adds to Corcoran Legends Realty’s significant presence across Westchester County, company officials noted. “We are proud to welcome…
Read MoreSANTA CLARA, CA—While any astute real estate professional will tell you it's nearly impossible to time the real estate market, there is one week that is most likely to get home sellers the best possible outcome, according to Realtor.com. Nationally, homeowners who list the week of April 16-22, 2023 will hit the sweet spot in…
Read MoreWOODSIDE—Marathon Energy, a full-service independent retail energy provider based in Woodside and an affiliate of the Hudson Gateway Association of Realtors, announced recently it is changing its company name to Energo and unveiled a new logo. The change is in response to its accelerated growth and only impacts the company name and logo. There is…
Read MoreYONKERS—The Yonkers Industrial Development Agency voted at its March 6 monthly meeting preliminary approval of financial incentives for a $56.8-million affordable housing project for low-income seniors. Located at 345 McLean Ave., the 12-story residential building will feature 105 studio, one-and two-bedroom apartments for seniors 62 years of age and older whose income is at or…
Read MoreSANTA CLARA, CA—The U.S. supply of homes for sale rose at a record annual pace for the sixth month in a row, up 67.8% year over year in February, signaling the housing market's continued rebalancing, according to the Realtor.com Monthly Housing Trends Report released earlier this month. Despite the significant increase in inventory over last…
Read MoreWASHINGTON—While the U.S. homeownership rate has continually increased during the last decade —to 65.5% in 2021 (from 64.7% in 2011)—the Black homeownership rate has not kept pace with increases of other racial groups. Also, people of color endure significant buying challenges throughout and even after their home purchase, according to a report released earlier this…
Read MoreNORTHPORT, NY—Howard Hanna Real Estate Services reported on March 1 that it will be joining forces with Coach Realtors, a real estate brokerage firm based on Long Island, N.Y., forming Howard Hanna | Coach Realtors. “The partnership of two industry powerhouses will transform into even more amazing opportunities for our agents and clients,” said Howard…
Read MoreWASHINGTON—Mortgage applications decreased 5.7% from one week earlier, according to data from the Mortgage Bankers Association’s Weekly Mortgage Applications Survey for the week ended Feb. 24, 2023, released by the MBA on March 1. On an unadjusted basis, the Index decreased 4% compared with the previous week. The Refinance Index decreased 6% from the previous…
Read MoreALBANY—New York Gov. Kathy Hochul announced on Feb. 24 a $2.2-million expansion of New York’s Fair Housing Testing Program designed to root out discrimination in home rental and sale transactions. New York State has partnered with six nonprofit organizations across the state to deploy undercover testers to act as potential renters and home seekers. The…
Read MoreNEW YORK—The Conference Board Consumer Confidence Index decreased in February for the second consecutive month. The Index now stands at 102.9 (1985=100), down from 106.0 in January (a downward revision), The Conference Board announced on Feb. 28. The Present Situation Index—based on consumers' assessment of current business and labor market conditions—increased to 152.8 (1985=100) from…
Read MoreWASHINGTON—Pending home sales improved in January for the second consecutive month, according to statistics released today by the National Association of Realtors. All four U.S. regions posted monthly gains but saw year-over-year drops in transactions. The Pending Home Sales Index improved 8.1% to 82.5 in January. Year-over-year, pending transactions dropped by 24.1%. An index of…
Read MoreWASHINGTON—The National Association of Realtors unveiled on Feb. 22 its fifth iteration of its award-winning “That’s Who We R” national advertising campaign. This year’s creative demonstrates the many ways Realtors are “here for it all,” working to make the dream of property ownership a reality for their clients. The campaign, created by Havas Chicago, further…
Read MoreWHITE PLAINS—New York Gov. Kathy Hochul traveled from Albany to the Pace University Elisabeth Haub School of Law here on Feb. 21 to announce a host of funding awards to communities in the Mid-Hudson Region to finance downtown revitalization campaigns and infrastructure projects. Gov. Hochul announced that the City of Port Jervis will receive $10…
Read MoreFARMINGDALE, NY—OneKey MLS reported on Feb. 21 an increase of 0.90% in the closed median sale price for the New York metro region between December 2022 and January 2023. For January 2023, OneKey MLS reported a regional closed median sale price of $575,000, representing a 0.90% increase as compared to the reported $570,000 in December…
Read MoreWASHINGTON—Existing-home sales fell for the 12th straight month in January, according to a report released on Feb. 21 by the National Association of Realtors. Month-over-month sales were mixed among the four major U.S. regions, as the South and West registered increases, while the East and Midwest experienced declines. All regions recorded year-over-year declines. Total existing-home…
Read MoreNEW ROCHELLE—RXR, master developer of Downtown New Rochelle, held a topping out ceremony with city officials on Feb. 16 of Two Clinton Park, a 28-story mixed-use tower. The development is RXR’s third development in New Rochelle. At the event, RXR executives and City of New Rochelle officials joined partners from Bridge Investment Group, leadership from…
Read MoreARMONK— The Building and Realty Institute released a new study on Feb. 16 entitled: The Housing Stability and Tenant Protection Act: An Analysis of Early Impacts in Westchester County” that revealed both tangible fiscal impacts, as well as unintended consequences of the Housing Stability and Tenant Protection Act (HSTPA) enacted into law in 2019 on…
Read MoreNEW YORK—Approximately 300 Realtor members, as well as federal, state and county political leaders were on hand for the Hudson Gateway Association of Realtors’ 2023 Installation gala on Feb. 2 at the lavish Marina Del Rey in the Bronx. The highlight of the program entitled “Building Bridges That Unite Us” was the installation of veteran…
Read MoreMOUNT PLEASANT, NY—Add Mount Pleasant Town Supervisor Carl Fulgenzi to a growing list of mainly Republican government officials who have come out against Gov. Kathy Hochul’s “New York Compact” housing plan that calls for the development of 800,000 new housing units over the next three years. Fulgenzi in a prepared statement cited the state’s home…
Read MoreSANTA CLARA, CA—Moving in with a romantic partner is a big step and shouldn't be taken lightly. However, when it comes to taking the next step in their relationship, a Realtor.com survey released today indicated 63% of people who have moved in with a romantic partner said that their decision was impacted by finances and/or…
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