Residential

Yonkers Municipal Housing Authority Opens Affordable Housing Waiting List

June 29, 2022

YONKERS—For the first time in more than 10 years, The Municipal Housing Authority for the City of Yonkers will be opening its waiting list for Housing Choice Vouchers (Section 8) for affordable housing. MHACY reported on June 27 that it is seeking to add 3,000 people to its waiting list for affordable housing vouchers. The…

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Northeast Pending Home Sales Rose 15.4% in May

June 29, 2022

WASHINGTON—Pending home sales crept higher in May, ending a six-month streak of declines, according to the National Association of Realtors. Regionally, month-over-month results were mixed as the Northeast and South experienced increases while the Midwest and West posted decreases. Year-over-year contract activity slid in all four major regions. The Pending Home Sales Index, a forward-looking…

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Construction Begins on LGBTQ+ Friendly Senior Project in Downtown White Plains

June 23, 2022

WHITE PLAINS—Westchester County Executive George Latimer was joined by LGBTQ advocates and others on Wednesday (June 22) to turn the first dirt on the county’s first LGBTQ+ friendly housing development that will bring 140 units of affordable senior housing to Downtown White Plains. The project will also include a larger space for The LOFT LGBTQ+…

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Region’s Luxury Market Still Strong but Changes Appear Likely

June 23, 2022

WHITE PLAINS—The luxury market in Westchester County continues to be strong based on current sales data, however, officials with Houlihan Lawrence tell Real Estate In-Depth that the volatile stock market, rising interest rates and inflation are bound to bring about some changes in the weeks and months ahead. Anthony Cutugno, Sr. Vice President, Director of…

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Realtors Expect Home Sales Slowdown; Not a Market Collapse

June 22, 2022

WHITE PLAINS—With a backdrop of rising interest rates, slowing buying demand, high inflation and a turbulent stock market, some industry observers are questioning the strength of the residential sales market and forecasting hard times ahead. With the recent 0.75% increase in the short-term benchmark lending rate by the Federal Reserve to try and tame high…

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Hundreds Attend First DEI Summit Co-Sponsored by HGAR

June 21, 2022

MAHWAH, NJ—The sold-out inaugural Diversity, Equity, and Inclusion (DEI) Summit attracted hundreds of Realtors from across the New York metro region and provided valuable insight into the need for Realtor associations and their members to implement programs and policies that embrace DEI and promote Fair Housing. The two-day DEI Summit was held at the Sheraton…

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Panel Takes Deep Dive into NY Real Estate, Social Media and Channeling into Gen Z

June 17, 2022

NEW YORK—They’re smart, tech-savvy and in the market for housing, and they’re using social media to see what’s trending and who’s selling. Generation Z—defined as the 72 million people born between 1997 and 2012—are not your typical buyers and that presents challenges and opportunities for Realtors and agents. Real estate experts explored Gen Z’s patterns…

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Fannie Mae, Freddie Mac Release Equitable Housing Finance Plans to Address Racial Homeownership Gap

June 9, 2022

WASHINGTON—The Federal Housing Finance Agency released Fannie Mae's and Freddie Mac's Equitable Housing Finance Plans for 2022-2024 that the agency said are designed to complement initiatives that promote the Enterprises' safety and soundness and foster housing finance markets. The plans, which were released on June 8, are intended to provide equitable access to affordable and…

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GUEST VIEWPOINT: Going Toe-to-Toe with Irresponsible Landlords

June 8, 2022

My administration’s brand-new Office of Buildings and Codes (OBC) has been working tirelessly following the official takeover of the Building Department in the Village of Spring Valley on Feb. 14, 2022, a directive from the New York State Department of State following years of code enforcement issues. Since assuming control, the Rockland County Office of…

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Gov. Hochul Signs Bill to Make Hotel Conversions to Housing Easier

June 7, 2022

NEW YORK—On June 7, New York Gov. Kathy Hochul signed legislation (S.4937C/A.6262B) to create more flexible rules for converting underutilized hotel space into permanent housing. Gov. Hochul signed the bills with New York State Senator Brian Kavanagh, New York City Mayor Eric Adams, and housing and labor advocates at an event held at 633 Third…

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Matt Rand, CEO of Howard Hanna | Rand Realty Named to Mid-Hudson Regional Council Board

June 7, 2022

NANUET—Matt Rand, CEO and President of Howard Hanna | Rand Realty, has been recently appointed to the Board of Directors of the Mid-Hudson Regional Economic Development Council. Rand becomes the first real estate professional to sit on Mid-Hudson Regional Economic Development Council (MHREDC) Board. MHREDC is the strategic economic advisory board representing the seven counties…

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NYC Mayor Adams Outlines Vision for ‘City of Yes’ Plan

June 2, 2022

First Economic Hub to Be Established in the Bronx NEW YORK – New York City Mayor Eric Adams laid out a plan to use the city’s zoning tools to support small businesses, create affordable housing and promote sustainability—part of his vision for New York to become a more inclusive, equitable “City of Yes.” The plan,…

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HUD Awards $796 Million to Improve, Preserve Public Housing In New York

May 31, 2022

NEW YORK—The U.S. Department of Housing and Urban Development announced on May 27 it had awarded approximately $796 million in funding to 71 public housing authorities (PHAs) in New York to make capital investments in their public housing properties. This funding is part of $3.2 billion in Fiscal Year 2022 Capital Fund Program awards to…

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Northeast Pending Home Sales Fell More Than 16% in April

May 26, 2022

WASHINGTON—Pending home sales slipped in April, as contract activity decreased for the sixth consecutive month, the National Association of Realtors reported today. Only the Midwest region saw signings increase month-over-month, while the other three major regions reported declines. Each of the four regions registered a drop in year-over-year contract activity. The Pending Home Sales Index…

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OneKey® MLS Leaders Join Thousands of RE Professionals At The Real Deal New York City Showcase and Forum

May 26, 2022

NEW YORK CITY—The leadership of OneKey® MLS, the premier regional multiple listing service for New York, joined thousands of real estate colleagues on May 19 for The Real Deal’s New York City Showcase and Forum at The Metropolitan Pavilion in Manhattan. The day-long event attracted approximately 2,500 attendees from commercial and residential real estate, development,…

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ERA Insite Realty Helps Franchise Celebrate 50-Year Milestone

May 19, 2022

WHITE PLAINS—ERA Insite Realty Services, a Top 50 ERA company headquartered in White Plains, is joining in the celebration of the franchise’s 50 years of global residential real estate franchising. The kickoff began at the franchise’s annual international business conference, FUEL 2022, held in Nashville, TN in March, which was attended by several of ERA…

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