Residential

Understanding Digital Currency and Closing Deals with Cryptocurrency

March 21, 2022

Amy Chorew, a Connecticut Realtor and President of Curated Learning, first heard about cryptocurrency back in 2017 while having her hair styled. “My hairdresser was talking about buying a condo and cashing out $50,000 in cryptocurrency as part of the down payment. All I could say at that time was ‘what’s that?’” she admitted. Fast…

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Report: Homeownership Growth Continues For Latinos, but Strong Headwinds Persist

March 16, 2022

WASHINGTON—The National Association of Hispanic Real Estate Professionals released the 12th publication of its annual State of Hispanic Homeownership Report on March 16 on the final day of NAHREP’s National Convention & Housing Policy Summit in Washington D.C. The report found that in 2021, the Hispanic homeownership rate increased to 48.4%, consistent with the trendline…

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Longtime New Rochelle Official to Retire

March 10, 2022

NEW ROCHELLE—A longtime city official, Charles B. Strome III, who has served as New Rochelle City Manager for the past two decades, will retire at the end of this year, the city announced on March 9. Strome announced his retirement to the City Council at its March 8 meeting and will remain with the city…

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Market Expansion Prompts Corporate Name Change For Local Berkshire Hathaway HomeServices Firm

March 10, 2022

NEW YORK—Berkshire Hathaway HomeServices New England/Westchester/New York/Hudson Valley Properties announced on March 9 that the company will begin operating as Berkshire Hathaway HomeServices (BHHS) New England/New York/Hudson Valley Properties, effective immediately. The firm's Westchester offices servicing Eastchester, Larchmont, Rye, Scarsdale and surrounding towns, will now be known as Berkshire Hathaway HomeServices New York Properties in…

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U.S. Middle-Income Households Gain $2.1 Trillion in Housing Wealth in a Decade

March 9, 2022

WASHINGTON—Homeownership is widely recognized as the leading source of net worth among families. Housing wealth itself is primarily achieved by price appreciation gains, and the nation has seen home prices accelerate at a record pace during the course of the last decade, according to a National Association of Realtors study released on March 9. The…

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Exclusive: Rockland County Amends Co-op Law to Require Co-Op Boards Explain Reasons for Applicant’s Denial

March 4, 2022

NANUET—Rockland County Executive Ed Day signed on March 3 a bill amending the county’s existing cooperative application decision law to require co-op boards to disclose the reason or reasons for a denial of a prospective buyer’s application. After a public hearing, the Rockland County Legislature passed the amendment to the “Timely Co-Op Application Decision Law”…

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Anthony Domathoti of EXIT Realty Premium Installed as 2022 HGAR President

March 2, 2022

NEW YORK—The Hudson Gateway Association of Realtors inaugurated Anthony Domathoti, Broker/Owner of EXIT Realty Premium in the Bronx, as its 2022 President at its Installation Gala on March 1. HGAR also installed its 2022 executive officers and directors at the gala held at the historic 583 Park Ave. landmark building at 63rd Street in Manhattan.…

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New Rochelle Tower Project Secures $294 Million Construction Financing Deal

March 1, 2022

NEW ROCHELLE—BRP Companies, the Urban Investment Group within Goldman Sachs Asset Management (Goldman Sachs), New York State Homes and Community Renewal, Westchester County, Interfaith Dwellings Corporation, Merchants Bank of Indiana, Wells Fargo, and Fannie Mae announced on Feb. 28 the closing of $294 million in construction financing for the 477-unit, mixed-use development located at 500…

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In Memoriam: Nick Beilenson Founder Westchester Residential Opportunities

February 24, 2022

A tireless civil rights and housing rights activist, Nick Beilenson passed away on Feb. 22 at the age of 85 due to complications from COVID-19. The White Plains resident founded Westchester Residential Opportunities in 1968 at the height of the civil rights movement. He served as WRO’s first executive director and served on the board…

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U.S. Homeownership Rate Experiences Largest Annual Increase on Record

February 23, 2022

WASHINGTON—The U.S. homeownership rate climbed to 65.5% in 2020, up 1.3% from 2019 and the largest annual increase on record. More Americans are likely to own a home now than during any year following the Great Recession (65.4% homeownership rate in 2010); however, Black Americans continue to face significant obstacles along the path to homeownership,…

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GUEST VIEWPOINT: County Executive’s Corner: ‘Office of Buildings and Codes’

February 23, 2022

My administration and Rockland County government achieved the impossible; in only three months, Rockland launched a brand-new County Office of Buildings and Codes. I want everyone to know that this has been an incredibly difficult, detailed, and time-consuming process to create an entirely new office within county government. It was only 90 days ago that…

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Experts Bullish on Continued Manhattan, NYC Metro Housing Recovery

February 23, 2022

WHITE PLAINS—A panel of real estate executives agreed that the exodus from Manhattan due to COVID-19 is over and that the recovery in the Manhattan luxury housing market has gained momentum that will continue this year. In addition, the recovery, fueled by a roaring stock market, low interest rates and rapidly declining COVID infection rates,…

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U.S. Existing-Home Sales Surged 6.7% in January

February 22, 2022

Inventory at All-Time Low WASHINGTON—Existing-home sales rose in January, making a notable move upward following a previous month where sales declined, according to the National Association of Realtors. On a month-over-month basis, each of the four major U.S. regions experienced an increase in sales in January. However, year-over-year, activity was mixed as two regions reported…

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HG Realtor Foundation Kicks Off 2022 With Volunteer Event and Pub Night

February 18, 2022

WHITE PLAINS—The Hudson Gateway Realtor Foundation started off 2022 with two February events—a volunteer opportunity with the Community Center of Northern Westchester in Katonah, and a Pub Night at Tapped Craft Beer & Restaurant in Middletown. A group of 10 Realtor volunteers recently spent their morning stocking shelves at the Community Center’s Food Pantry and…

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Howard Hanna | Rand Realty Expands Presence in Garden State

February 17, 2022

NANUET—Howard Hanna | Rand Realty announced on Feb. 16 the firm had expanded its presence in the State of New Jersey with the purchase of Striker Realty, which operates out of offices in Linden, Livingston, and Rahway, NJ. Striker Realty was founded 20 years ago by Thomas J. Borowski, a renowned real estate broker entrepreneur…

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