Residential

NAR: ‘Home Prices are Bottoming Out;’ Existing-Home Sales Fell 3.8% in Northeast

February 22, 2023

WASHINGTON—Existing-home sales fell for the 12th straight month in January, according to a report released on Feb. 21 by the National Association of Realtors. Month-over-month sales were mixed among the four major U.S. regions, as the South and West registered increases, while the East and Midwest experienced declines. All regions recorded year-over-year declines. Total existing-home…

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RXR Tops Out New Rochelle High-Rise Building

February 17, 2023

NEW ROCHELLE—RXR, master developer of Downtown New Rochelle, held a topping out ceremony with city officials on Feb. 16 of Two Clinton Park, a 28-story mixed-use tower. The development is RXR’s third development in New Rochelle. At the event, RXR executives and City of New Rochelle officials joined partners from Bridge Investment Group, leadership from…

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Some Local GOP Politicos Line Up Against Gov. Hochul’s Housing Plan

February 15, 2023

MOUNT PLEASANT, NY—Add Mount Pleasant Town Supervisor Carl Fulgenzi to a growing list of mainly Republican government officials who have come out against Gov. Kathy Hochul’s “New York Compact” housing plan that calls for the development of 800,000 new housing units over the next three years. Fulgenzi in a prepared statement cited the state’s home…

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For Love or Money? Survey Finds Housing Costs Impact Romantic Decisions

February 14, 2023

SANTA CLARA, CA—Moving in with a romantic partner is a big step and shouldn't be taken lightly. However, when it comes to taking the next step in their relationship, a Realtor.com survey released today indicated 63% of people who have moved in with a romantic partner said that their decision was impacted by finances and/or…

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Christie’s Int. Real Estate Opens New White Plains Office

February 13, 2023

WHITE PLAINS—Christie's International Real Estate Westchester and Hudson Valley recently announced the opening of its new regional headquarters and sales gallery in White Plains. The new office is located at 1133 Westchester Ave. and features more than 5,000 square feet of modern office spaces for sales agents and corporate staff, including administrative, operations, marketing, IT…

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OneKey MLS Partners with RISMedia To Deliver News Content to Subscribers

February 8, 2023

NORWALK, CT—RISMedia announced a new partnership with OneKey MLS, the largest multiple listing service in New York that serves more than 50,000 Realtors and 4,500 participating offices throughout Long Island, New York City and the Hudson Valley, to bring best-in-class articles and need-to-know information to its subscribers. OneKey MLS subscribers will receive a selection of…

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HGAR Members Honored at NYSAR Mid-Winter Meetings

February 8, 2023

ALBANY—The New York State Association of Realtors at its Mid-Winter Meetings held here earlier this month acknowledged HGAR’s 2022 Realtor of the Year Gail Fattizzi and announced the selection of a number of HGAR members for prestigious community service and industry advocacy awards, as well as several RPAC Hall of Fame inductions. From left, Gail…

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DEC, Westchester Land Trust Acquire 68 Acres in Westchester County

February 6, 2023

NORTH CASTLE—The New York State Department of Environmental Conservation and Westchester Land Trust announced on Feb. 3 the acquisition of a total of approximately 68 acres of land in Westchester County to protect the drinking water sources of the Town of North Castle and New York City's New Croton Reservoir system. The funding for these…

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NAR Report: Where People Moved in 2022

January 30, 2023

Although the population continues to increase, fewer Americans decided to move in 2022. After a historically low moving rate in 2021, data indicates that even fewer Americans moved across the country last year. However, this is not a new trend. Millions of people moved during the pandemic, driven by the opportunity to work remotely, the…

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NAR’s Yun Says, ‘Recent Low Point in Home Sales Activity is Likely Over’

January 30, 2023

WASHINGTON—Pending home sales increased in December for the first time since May 2022—following six consecutive months of declines—according to the National Association of Realtors. The Northeast and Midwest recorded month-over-month reductions, while the South and West posted monthly gains. All four U.S. regions saw year-over-year decreases in transactions, with the West experiencing the largest decline…

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Camber Property Group Acquires Two Bronx Rental Properties for Nearly $57 Million

January 25, 2023

NEW YORK—Camber Property Group announced on Jan. 24 it had closed on two 100% affordable properties in The Bronx, preserving and extending affordability for 187 units in transactions valued at a total of $56.4 million. In early January 2023, Manhattan-based Camber closed on the purchase of Morris Heights Mews, a three building, 111-unit, 100% Project…

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Douglas Elliman Names Todd Bourgard CEO Of Long Island, Hamptons and North Fork

January 24, 2023

NEW YORK—Residential brokerage firm Douglas Elliman Realty has announced it has promoted its Senior Executive Regional Manager of Sales for Hamptons and North Fork Todd Bourgard to Chief Executive Officer of Long Island, Hamptons and North Fork, effective immediately. In his new role, Bourgard will oversee operations throughout the entire Long Island region, totaling 36…

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U.S. Existing-Home Sales Receded 1.5% in December; Northeast Transactions Fell Nearly 2%

January 20, 2023

WASHINGTON—Existing-home sales retreated for the 11th consecutive month in December, the National Association of Realtors reported today. Three of the four major U.S. regions recorded month-over-month drops, while sales in the West were unchanged. All regions experienced year-over-year declines. Total existing-home sales decreased 1.5% from November to a seasonally adjusted annual rate of 4.02 million…

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OneKey MLS: Regional Residential Closed Median Sale Price Falls Slightly; Sales Drop Nearly 8%

January 20, 2023

FARMINGDALE, NY—For December 2022, OneKey MLS reported today a regional closed median sale price of $570,000, representing a 0.90% decrease as compared to the reported $575,000 in November 2022. Between November and December 2022, closed regional sales transactions in the nine-county OneKey MLS region, including residential, condo, and co-op sales, decreased to 4,270 from 4,620,…

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