WASHINGTON—The National Association of Realtors reported on Feb. 21 that existing-home sales slumped for the second consecutive month in January and experienced their largest decline on an annual basis in more than three years. All major regions saw monthly and annual sales declines last month, NAR stated. Total existing-home sales, which are completed transactions that…
Read MoreSCARSDALE—Compass, a real estate technology company, announced today it has agreed to acquire Platinum Drive Realty, a growing real estate brokerage headquartered in Scarsdale. The acquisition comes on the heels of a recent $450-million investment in Compass by the Softbank Vision Fund and an expansion initiative to the Chicago, Dallas and San Diego markets. With…
Read MoreWASHINGTON—Despite weakening optimism from non-homeowners at the end of last year that now is a good time to buy, an overwhelming majority said they do want to own a home in the future and believe homeownership is part of their American Dream. That is according to new consumer survey data released recently by the National…
Read MoreGREENWICH, CT—A recent $14.5-million waterfront estate sale has brokers in Greenwich saying reports of a weak luxury real estate market in this exclusive Fairfield County community belie recent activity and concrete sales data. Houlihan Lawrence agent Ellen Mosher exclusively represented the buyer for 51 Glen Avon Drive in the highly sought-after Greenwich waterfront neighborhood of…
Read MoreNYACK—Ellis Sotheby’s International Realty, which recently raised more than $6,000 to build a hurricane-resistant house for a family in Labodrie, Haiti, has announced that construction is complete and the family has moved into its new home. Construction was completed within six months through the luxury brokerage firm’s partnership with New Story, a non-profit that works…
Read MoreMONROE—John Chewens, manager of Weichert, Realtors’ Monroe office, announced recently that his office once again partnered with the Monroe Police Department to collect toys to assist families and children in need this holiday season. The effort was part of the 39th Annual Weichert Toy Drive. “This was our way of giving back to the community…
Read MoreYONKERS—Loft-style apartment living along the Hudson River waterfront is coming to South Yonkers with the debut of SOYO Lofts, it was announced recently by Houlihan Lawrence, the exclusive marketing and leasing agent. SOYO Lofts features 25 studio and two-bedroom duplex apartments in the former Statesman and McCann buildings on Mill Street. The 22 studios range…
Read MoreSOUTH NYACK—Ellis Sotheby International Realty reported on Feb. 12th that comedian, actress and TV personality Rosie O'Donnell recently sold her Hudson riverfront residence at 1 Gesner Ave. in South Nyack, NY for $5.1 million. The listing agent was Hamid Moghadam of Ellis Sotheby’s International Realty. The main house at 1 Gesner Ave., which originally listed…
Read MoreThe newest inductees to the RPAC of New York Hall of Fame are third from left, Katheryn DeClerck of the Hudson Gateway Association of Realtors, and Mike Smith of the Greater Rochester Association of Realtors, who were pictured alongside RPAC Trustees Chair Nancy Quigg (second from left) and NYSAR President, CJ DelVecchio (far right). The…
Read MoreWASHINGTON—The National Association of Realtors reported on Feb. 9, shortly after President Donald Trump signed the federal budget deal, that the agreement includes a number of benefits for the real estate industry, including a temporary extension of federal flood insurance and the extension of NAR-backed tax provisions that range from debt forgiveness relief, mortgage insurance…
Read MoreRYE BROOK—The real estate industry is well represented in this year’s Business Hall of Fame honorees of the Business Council of Westchester. Real estate firms Houlihan Lawrence and RXR Realty were among the six overall Hall of Fame selections. The winners will be honored at the 2018 Business Hall of Fame Awards Dinner on Tuesday,…
Read MoreNEW CITY—Realtors who have pressed state and local lawmakers for years for cooperative purchase transaction reform scored a major victory on Tuesday night when the Rockland County Legislature passed unanimously a bill that requires co-op boards to make a timely decision on applications by prospective buyers. The bill, sponsored by Legislator Alden H. Wolfe, requires…
Read MoreNEW YORK—A little over a year after establishing a presence in New York City, Berkshire Hathaway HomeServices New York Properties reports it has merged with Manhattan-based RP Miller Realty Group, led by veteran residential broker Reba Miller. The RP Miller team, led by Miller, is comprised of Susan Rubell, Lee M. Frankel, Vanessa Spenuzza, Michelle…
Read MoreWHITE PLAINS—The respective leadership of the Hudson Gateway Association of Realtors and the Long Island Board of Realtors, the two largest Realtor organizations in New York State, announced on Feb. 1 that the two Realtor groups are in negotiations to create a regional multiple listing service that would service approximately 36,000 subscribers. When the Memorandum…
Read MoreNEW YORK—A comprehensive report issued today by the National Association of Realtors, Deloitte and Situs RERC predicts the residential and commercial real estate property markets will remain strong this year, despite continued political instability in our nation’s capital, as well as other market specific negative influencers. Situs RERC, Deloitte and the National Association of Realtors…
Read MoreWHITE PLAINS—The residential home sales market in the Hudson Valley remained robust in 2017, rising 4% over 2016’s sales totals. However, the rate of growth declined sharply from the 12.5% sales increase posted in 2016. Realtors interviewed by Real Estate In-Depth believe that the positive sales momentum will continue in 2018, despite the expected impacts…
Read MoreSLEEPY HOLLOW— The development team at the former General Motors assembly plant here has announced that homebuilder Toll Brothers has signed an agreement to purchase and build out lots in Phase 1 of the project. It is anticipated that Toll Brothers will build as many as 306 units of housing, including 61 affordable workforce and…
Read MoreHYDE PARK—Bellefield Development Partners, an affiliate of T-Rex Capital Group LLC, and its partner The Shaner Hotel Group, reported on Jan. 16 that the project received a resolution from the Hyde Park Planning Board to grant conditional site plan approval for a 133-room soft branded Residence Inn at the development property. The Inn at Bellefield…
Read MoreMOHEGAN LAKE—Ginsburg Development Companies has paid $54 million for The Landing on Mohegan Lake, a lakefront multifamily rental community featuring 207 one- and two–bedroom apartments here. GDC acquired the property from New Chalet Apartments, Inc., a private equity group based in Dallas, TX. Jeffrey R. Dunne, of CBRE’s Stamford, CT office, was the broker in…
Read MoreCHICAGO—The National Association of Realtors has announced a new internal organizational structure and changes to its senior management team to more effectively and efficiently serve its 1.3 million Realtor members. "This reorganization reflects the promise I made when I was named CEO last August to create better efficiencies in engaging with and serving the association's…
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