Residential

Cushman & Wakefield to Merge With DTZ

May 2015

NEW YORK—Cushman & Wakefield and DTZ have reached a definitive agreement to merge and are set to become one of the largest global real estate services companies. The deal was announced by both firms on May 11th. The new company, which will operate under the Cushman & Wakefield brand, will have revenues of more than…

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Balance Needed Between Regulation, Opportunity in Housing Market

May 2015

WASHINGTON—The nation’s leading housing economists spoke last month at an economic and policy forum to appraise the state of the U.S. housing market. The event, held by the National Association of Realtors, National Association of Home Builders, and McGraw Hill Financial Global Institute, drew more than 80 attendees representing industry analysts, Congressional staff, and members…

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Day Launches Aggressive Housing Codes Initiative

May 2015

NEW CITY—Rockland County Executive Ed Day unveiled on April 30th the “Rockland Codes Initiative,” a sweeping effort to combat illegal housing and overcrowding in the county. The first phase of the initiative will utilize the broad powers of the Rockland County Department of Health to improve the local housing supply for all economic segments of…

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HGAR’s Kramer to Receive WRO Fair Housing Award

May 2015

WHITE PLAINS—Hudson Gateway Association of Realtors’ Board Director and civil rights and fair housing advocate Barry Kramer will receive the Pioneer of Fair Housing Award from non-profit housing services agency Westchester Residential Opportunities, Inc. at a dinner in his honor on Tuesday, June 30th. The awards dinner for the popular and affable Realtor will be…

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Westchester RE Honors Top Agents

May 2015

EASTCHESTER—Westchester Real Estate, Inc. recently celebrated the accomplishments of its top agents, along with announcing the launch of a new consumer e-newsletter, “Trending Today.”  At an exclusive Awards & Networking luncheon at the Pelham Split Rock Golf Club on April 10, 2015, the elite group of top performing agents enjoyed a cocktail hour, lunch, brief…

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RE/MAX Benchmark Realty Group Helps Habitat for Humanity of Greater Newburgh

May 2015

NEWBURGH—The RE/MAX Benchmark Realty Group participated in the 16th Annual Habitat for Humanity Walk for Housing at Washington’s Headquarters on April 26th. In conjunction with a bowling event held prior, the walk participants and fellow agents donated more than $500 towards the Walk for Housing. RE/MAX Benchmark Realty Group was also a corporate sponsor of…

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Office Renovations Complete At White Plains Brokerage

May 2015

WHITE PLAINS—Coldwell Banker Residential Brokerage’s White Plains office held a grand re-opening celebration on May 7th for the completion of the renovations to its office space at 278 Mamaroneck Ave. A host of local dignitaries as well as representatives of the Hudson Gateway Association of Realtors attended the event.

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Vacation Home Sales Soar to Record High

April 2015

WASHINGTON—Vacation home sales boomed in 2014 to above their most recent peak level in 2006, while investment purchases fell for the fourth straight year, according to an annual survey of residential homebuyers released on April 1 by the National Association of Realtors. NAR’s 2015 Investment and Vacation Home Buyers Survey, covering existing- and new-home transactions…

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Rockland’s Wright Bros. Firm Joins Leading R.E. Companies of the World

April 2015

NYACK—Wright Bros. Real Estate Inc., a locally-based real estate brokerage firm serving Rockland County and the lower Hudson Valley, has been selected for membership in the Chicago-based Leading Real Estate Companies of the World. It was announced on May 1 that Wright Bros. had joined Leading Real Estate Companies of the World, a global network…

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Mixed-Use TOD Project Breaks Ground in Mount Vernon

April 2015

MOUNT VERNON– MacQuesten Development LLC and New York State Homes and Community Renewal held a groundbreaking ceremony late last month on a new $31.5-million mixed-use Transit-Oriented Development for downtown Mount Vernon. The Modern, to be built on an underutilized former industrial area, will include 80 affordable rental apartments and approximately 9,400 square feet of commercial,…

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State Budget Includes Infrastructure Spending, Education, Ethics Reform

April 2015

ALBANY—The New York State Legislature passed a $142-billion budget on-time budget on March 30 that includes some controversial education reform, campaign finance reform, as well as enhanced infrastructure spending thanks to $5.4-billion in bank court settlement revenue. For the real estate industry, Gov. Cuomo earmarked some of the one-time bank funds for financing of the…

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Education April 2015

April 2015

WHAT’S NEW FOR HGAR EDUCATION IN 2015? AFTER HOURS PROGRAM Complete Your Required 22.5 Hours Of Continuing Education In The Evenings.8 Evening Sessions, including the required 3 hours of Fair Housing for only…..$199.00/Members $269.00/Non-Members (pre-registration required) Goshen – May 2015 -6:00pm-9:15pm 5/5/15-Distressed Market Guide; 5/7/15-Fair Housing; 5/12/15-NAR Ethics; 5/14/15-Short Sale Solutions; 5/19/15-Real Estate Auctions 101; 5/21/15-Communication Skills;…

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BOARDROOM Report: April 2015

April 2015

Communications and Member Services Director of Communications Mary Prenon provided the report from the Communications Council, advising that a new HGAR Member Perks Program has been launched. Enrollment is free and the program provides access to exclusive offers and discounts from popular merchants. Approximately 400 people have already signed up. Prenon further advised that the…

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Finding the Housing Market’s ‘Sweet Spot’

April 2015

Spring is in full spring! Whatever does that mean? One sure sign of spring is that golfers are returning to the links. So why not examine the Westchester County real estate market using a golf analogy? But first, a little background. The fourth quarter of 2014, as well as 2014 as a whole, showed strong…

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ERA Insite Brokers Townhouse Development Sale in White Plains

April 2015

WHITE PLAINS–  ERA Insite Realty Services in White Plains represented both the seller and purchaser of a multi-unit townhouse development close to downtown White Plains that recently closed, the company reported recently. The property sold for $2.5 million. The seller, Chris Suriano, was represented by Michael D’Onofrio and Louis Budetti, and the buyer, 24 Gatehouse…

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Annual KW ‘RED Day’ Set for May 14

April 2015

WHITE PLAINS— Keller Williams associates will be taking the day off on Thursday, May 14, 2015, but it will hardly be a day of rest. Associates have chosen to “Give Where They Live” as part of RED Day, the company’s annual day of service, dedicated to renewing, energizing, and donating to their local communities. As…

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Pending Home Sales Rise Behind Gains in Midwest, West

April 2015

WASHINGTON—Pending home sales in February increased to their highest level since June 2013 as sizeable gains in the Midwest and West offset smaller declines in the Northeast and South, the National Association of Realtors announced on March 30. The Pending Home Sales Index, a forward-looking indicator based on contract signings, rose 3.1% to 106.9 in…

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Northeast Existing-Home Sales Fall More Than Six Percent in Feb.

April 2015

WASHINGTON—Existing-home sales increased modestly in February, but constrained inventory levels pushed price growth to its fastest pace in a year, the National Association of Realtors reported on March 23. Total existing-home sales, which are completed transactions that include single-family homes, townhomes, condominiums and co-ops, rose 1.2% to a seasonally adjusted annual rate of 4.88 million…

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