Matt McAllister, an agent with Corcoran Baer & McIntosh in Nyack and COO at Statewide Abstract, has raised almost $3,000 to date for the Hudson Gateway Realtor Foundation, through his recent 142-mile Steamboat Gravel Bike Race in Steamboat Springs, Colorado. To date, McAllister’s GoFundMe page has garnered $2,706 in donations and it will remain open…
Read MoreThe Hudson Gateway Association of Realtors regrets to inform its membership of the tragic passing of real estate veteran, HGAR member, association executive and attorney Don Cummins III on Friday, Sept. 1 at the age of 54. Cummins was previously the Team Leader at Keller Williams Realty Partners of Baldwin Place and formerly served as…
Read MoreCHICAGO—Two days after a New York Times report that detailed claims of sexual harassment against National Association of Realtors President Kenny Parcell, the Utah-based Realtor executive, while denying the allegations, resigned from the post on Monday (Aug. 28) effective immediately. President-Elect Tracy Kasper took over as NAR President effective immediately. The allegations and subsequent fallout…
Read MoreBRIARCLIFF MANOR—Howard Hanna | Rand Realty announced on Aug. 24 that the “Mark Seiden Real Estate Team,” of Briarcliff Manor has joined the regional brokerage firm. The deal marks the addition of another independent Westchester County-based real estate brokerage to the Howard Hanna | Rand Realty firm. Back in May, Howard Hanna | Rand Realty…
Read MoreGOSHEN—The Hudson Gateway Association of Realtors was one of the first private organizations to provide much-needed financial assistance to homeowners in the flood-ravaged Highlands/West Point area and other sections of the Hudson Valley region that suffered significant damage from the devastating heavy rains on July 9-10. The Hudson Gateway Association of Realtors applied for and…
Read MoreWASHINGTON—Existing-home sales receded in July, according to the National Association of Realtors. Among the four major U.S. regions, sales grew in the West but faded in the Northeast, Midwest and South. All four regions registered year-over-year sales declines. Total existing-home sales, completed transactions that include single-family homes, townhomes, condominiums and co-ops, waned 2.2% from June…
Read MoreWHITE PLAINS—The Hudson Gateway Association of Realtors shined the spotlight on Westchester County on July 24 with a highly informative program that highlighted the latest in economic development, politics, as well as updates from HGAR on a host of its initiatives that impact Westchester County and its real estate market. The program was the second…
Read MoreMark Your Calendar TARRYTOWN—After holding its Annual Meeting & Member Appreciation Day at the Sleepy Hollow Conference Center (formerly the DoubleTree Hotel) for more than a decade, HGAR will be moving its biggest event of the year to the Westchester Marriot Hotel, located on Route 119 in Tarrytown on October 30. The hotel is currently…
Read MoreFARMINGDALE—For July 2023, OneKey MLS reported a regional closed median sale price of $633,000, a 3.40% increase as compared to the $612,000 reported in June 2023. In a year-over-year comparison, the closed median sale price rose slightly as well, increasing 2.10% from the $620,000 reported in July 2022. Between June 2023 and July 2023, closed…
Read MoreFARMINGDALE—OneKey MLS reported on Aug. 14 an agreement to continue its partnership with the Sullivan County Board of Realtors, which will provide more opportunities for members to grow their businesses. In addition to serving as SCBR’s Multiple Listing Service, OneKey MLS will be a strong supporter and premier sponsor for SCBR’s initiatives and events, OneKey…
Read MoreCHICAGO—The Realtors Relief Foundation announced $1.5 million in disaster relief aid has been made available to Hawaii Realtors in support of the Realtors Association of Maui after fires recently devastated communities on the Hawaiian island of Maui. Funds will be made available to the public to assist with disaster victims’ housing payments as relief and…
Read MoreWASHINGTON—A broad-based coalition of 18 associations representing housing providers, lenders and residents sent a letter on Thursday, Aug. 10 to Federal Housing Finance Agency Director Sandra Thompson warning that mandatory rent control and rent stabilization policies will increase rents, reduce the capital needed to boost the supply of housing, and ultimately hurt current and future…
Read MoreWASHINGTON—The National Association of Realtors reports that almost 60% of metro markets (128 out of 221) registered home price gains in the second quarter of 2023 as 30-year fixed mortgage rates oscillated between 6.28% and 6.71%, according to the association’s latest quarterly report. Five percent of the 221 tracked metro areas registered double-digit price increases…
Read MoreHARRISON—New York Gov. Kathy Hochul was joined by leaders from the Metropolitan Transportation Authority and officials from residential development firm AvalonBay Communities on Aug. 7 in announcing the completion of Avalon Harrison, a transit-oriented development located at the Harrison Metro-North Railroad station built with support from the MTA. “My administration is continuing to do everything…
Read MoreThe luxury housing market in the New York metro area remains icy with scarce inventory, as mortgage interest rates continue to rise. The latest data from the National Association of Realtors indicates a 36.5% drop in sales of properties over $1 million in April. While February and March were slightly better, at 29.4% and 28.9%…
Read MoreYONKERS—The Yonkers Industrial Development Agency recently voted final and preliminary approvals of financial incentives for residential projects representing a total private investment of $22.4 million. The developments are projected to create 35 construction jobs and represent more than 170 apartments including affordable housing for low-income seniors. The following projects received final and preliminary approvals at…
Read MoreALBANY— On Aug. 1, New York Gov. Kathy Hochul highlighted nearly 1,000 units of affordable housing being created through state funding, including the completion of 200 affordable senior housing units in Montgomery County and $406 million in financing awarded through bonds and subsidies to create nearly 800 affordable, sustainable homes in five transit-oriented developments. The…
Read MoreWASHINGTON—Foreign buyers purchased $53.3 billion worth of U.S. existing homes from April 2022 through March 2023, slipping 9.6% from the previous 12-month period, according to a new report released by the National Association of Realtors on August 1. Foreign buyers purchased 84,600 properties, down 14.2% from the prior year and the fewest number of homes…
Read MoreNYACK—Matt McAllister, an agent with Corcoran Baer & McIntosh in Nyack and COO at Statewide Abstract, embarked on a 142-mile bike ride earlier this month to fundraise for the Hudson Gateway Realtor Foundation (HGRF). McAllister, who also chairs the HGRF Project Committee that plans volunteer events, will ride in the Steamboat Gravel bike race in…
Read MoreNEW YORK—New York Gov. Kathy Hochul announced on July 27 the Public Authorities Control Board’s approval of a major, mixed-use development at 5 World Trade Center in Lower Manhattan that will include approximately 1,200 units of housing—one-third of which will be permanently affordable and a portion of which will be offered for New Yorkers impacted…
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