WASHINGTON— Existing-home sales decreased for the third straight month in June, as declines in the South and West exceeded sales gains in the Northeast and Midwest, according to a report released by the National Association of Realtors on July 23. The ongoing supply and demand imbalance helped push June’s median sales price to a new…
Read MoreWASHINGTON—The income and sales volume of National Association of Realtors members dropped slightly over the last year, but membership increased as younger members continue to enter the industry, according to the 2018 National Association of Realtors Member Profile released recently. This past year, there was a rise in new members from 1.22 million in March…
Read MoreNEW YORK CITY—New York Gov. Andrew Cuomo followed through on his threat and announced on Tuesday that New York State had filed a lawsuit against the federal government over what it termed as the unconstitutional federal tax reform law enacted earlier this year. The lawsuit contends the new SALT (state and local tax) cap was…
Read MoreWHITE PLAINS—Continued low for-sale inventory caused home sales to fall and home prices to continue to trend higher in most of the Lower Hudson Valley in the second quarter.Overall home sales fell 5.7% in Westchester, 4.6% in Putnam and 11.3% in Rockland counties in the second quarter, according to the recently released “2018 Second Quarter…
Read MoreRYE BROOK—In its latest effort to maximize exposure for its listings, Houlihan Lawrence has begun feeding its Open Houses to Waze, a community-based traffic and navigation app. Each Open House will receive a branded pin on the map at its location, along with a separate takeover ad that a user would see when at a…
Read MoreNEW CITY—Sharon D’Orazio, manager of Weichert, Realtors’ New City sales office, reported that her office participated in the New City Summer Street Fair, which took place recently on Main Street. The event, hosted by the Town of Clarkstown, included entertainment, rides, games, bounce houses, food, vendors, arts and crafts, face painting and live music. Weichert…
Read MoreWALLINGFORD, CT—Berkshire Hathaway HomeServices New England, New York and Westchester Properties announced recently a strategic partnership with aviation firm NetJets. With the new alliance, Berkshire Hathaway HomeServices agents and their clients will have access to NetJets benefits. “Through our alliance with NetJets, we are thrilled to offer our agents and clients a luxurious private aviation…
Read MoreARMONK—Michael Levy, principal broker of Grand Lux Realty, of Armonk reported recently that the firm had achieved the 200-agent mark as of June 1, 2018. Mr. Levy stated, "I'm proud to announce that our company has achieved the milestone of having recruited 200 agents. We have worked hard to get to this point and it…
Read MoreMOUNT VERNON—New York State Homes and Community Renewal announced on June 27 the start of construction of an approximately $95 million, 100% affordable housing development called 22 South West in Downtown Mount Vernon. The mixed-use project being built by MacQuesten Development is immediately adjacent to the Mount Vernon West Metro-North Station, and will feature 189…
Read MoreCHAPPAQUA—New York State Homes and Community Renewal and Wilder Balter Partners announced recently the completion of a $21-million affordable housing development at the iconic Reader’s Digest headquarters building that created 64 mixed-income apartments. The original Georgian-style brick building with its signature cupola opened in 1939 and for seven decades served as the headquarters for the…
Read MoreWHITE PLAINS—A plan to redevelop an underutilized stretch of Westchester Avenue in White Plains that will feature more multifamily development and some retail space in the downtown district is progressing. A proposal by Sabre Chauncy, WP, LLC to build 276 units of rental housing and nearly 25,000 square feet of retail space at 80-100 Westchester…
Read MoreWHITE PLAINS—Second quarter home sales figures in the lower Hudson Valley region served by the Hudson Gateway Multiple Listing Service Inc. appear to be following a patten of deja vu in terms of price appreciation and constricting inventory. In most areas of the region the median sales price for a single-family residential home increased by…
Read MoreWASHINGTON—The U.S. Department of Housing and Urban Development announced on July 2 it charged developer Toll Brothers Real Estate, Inc., as well as a construction company and architect with housing discrimination for failing to design and construct a condominium development in the Long Island City area of Queens in compliance with accessibility requirements of the…
Read MoreNEW YORK—Better Homes and Gardens Rand Realty has increased its footprint in the Bronx, the Nanuet-headquartered brokerage firm reports. Better Homes and Gardens Rand Realty has merged with Exit Realty Search of the Bronx. With the merger, the firm, brings more than 60 agents to the Rand Realty network. The brokerage firm also reported recently…
Read MoreCo-op fair housing legislation is critical to ensuring affordable and available housing to everyone including those designated as a protected class under federal, state and local fair housing law. HGAR was successful in lobbying to have a law passed in Rockland County that requires a 45-day time period in which a board must accept or…
Read MoreWASHINGTON — U.S. existing-home sales fell for the second straight month in May, as only the Northeast region saw an uptick in activity, according to a report released on Wednesday by the National Association of Realtors. Total existing-home sales, which are completed transactions that include single-family homes, townhomes, condominiums and co-ops, decreased 0.4% to a…
Read MoreWHITE PLAINS— The Westchester County Board of Legislators earlier this month approved the purchase of land that will result in the creation of 56 new units of affordable housing for seniors in White Plains. The long-delayed project—Mount Hope Plaza at 65 Lake Street in White Plains—will create affordable housing units for seniors 62 years and…
Read MoreWHITE PLAINS—Three major property sales were reported by area commercial brokerage firms recently that involved multifamily and retail properties in Westchester County and a more than 123-acre site in East Fishkill formerly owned by IBM. Marcus & Millichap recently announced the sale of a three-property, 104-unit multifamily portfolio in White Plains. The portfolio sold for…
Read MoreNANUET—Following the retirement of Teresa O’Shaughnessy, Better Homes and Gardens Rand Realty has selected Sharon Tucker as the new manager for its office in Pearl River. “This past year with Rand Realty has been one of the most-memorable of my career,” said Tucker. “I’ve learned so much in my time here thus far, and I’m…
Read MoreLAGRANGEVILLE, —Berkshire Hathaway HomeServices Hudson Valley Properties, announced on May 31 the acquisition of Westwood Metes & Bounds Realty Ltd., a long-tenured real estate brokerage serving Ulster County. Hudson Valley Properties adds nearly 60 agents and five offices through the transaction. The offices are located in Kingston, New Paltz, Stone Ridge, West Hurley and Woodstock.…
Read More