RYE BROOK—In 2001, Dr. Marsha Gordon took the reins of The Business Council of Westchester. In those more than 20 years, she has increased the organization’s membership and elevated its reputation as a respected business advocacy organization not only in Westchester, but in the Hudson Valley and throughout the state. With the specter of a…
Read MoreThe phrase “affordable housing” may seem like an oxymoron in the Hudson Valley, where second quarter median sales prices for single-family homes soared to $885,000 in Westchester, $645,000 in Rockland, $617,500 in the Bronx, $480,000 in Putnam, and $415,000 in Orange County. \ Only Sullivan County held out as somewhat affordable with a median single-family…
Read MoreCHICAGO—Hudson Gateway Association of Realtors’ President Anthony Domathoti and Treasurer Carmen Bauman have been named to the roster of the National Association of Realtors’ 2023 Leadership Academy class. The National Association of Realtors announced the full roster of its 2023 Leadership Academy class on Aug. 10 that included 20 Realtors from across the country who…
Read MoreNEW YORK—The details of the Metropolitan Transportation Authority’s long-delayed and controversial congestion pricing plan were unveiled on Aug. 10. The plan, which will now be the subject of public hearings later this month, calls for the implementation of peak tolls to enter Manhattan’s Central Business District ranging from $9 to as high as $23. The…
Read More
news
RYE BROOK—In 2001, Dr. Marsha Gordon took the reins of The Business Council of Westchester. In those more than 20 years, she has increased the organization’s membership and elevated its reputation as a respected business advocacy organization not only in Westchester, but in the Hudson Valley and throughout the state. With the specter of a…
Read More
legal-advocacy
In New York, as in many other states, the closing process is a long and arduous one and the new Remote Online Notarization (“RON”) law [see https://bit.ly/3SIBHX8] provides one of the tools to speed up the process in the future. Remote notarization laws in New York and across the nation move the closing process one…
Read More
people
On July 19, 2022, Mercy College bestowed an honorary Doctor of Commercial Science degree to Joseph P. Kelleher, current president at Hutch Management LLC, a division of Simone Development Companies. Mercy awards honorary degrees to individuals, such as Kelleher, who have demonstrated outstanding achievement in their fields and exceptional contributions to their communities. Kelleher is…
Read More
residential
WASHINGTON—Existing-home sales fell for the sixth straight month in July, the National Association of Realtors reported on Aug. 18. All four major U.S. regions recorded month-over-month and year-over-year sales declines. A highlight of the report was NAR Chief Economist Lawrence Yun’s assessment of a “housing recession” in several segments of the residential market in the…
Read More
Between screaming news headlines about out-of-control inflation and the negative drumbeat about a slowing economy leading to big drops in home sales, I can’t help but think about the folk tale with Chicken Little warning everyone that the sky is falling. Too often the media focus is on speculation and opinion as opposed to facts.…
Read More
Welcome to August!! With the rapidly shifting housing market over the last two years, you may be hesitant about purchasing a home today. You have valid concerns and I understand why you feel that way. According to NAR, first-time homebuyers made up 30% of June 2022 sales, compared to 31% in June 2021. Investors and…
Read More
technology
CHICAGO—The National Association of Realtors has announced that Rental Beast is its exclusive recommended software provider in the rental space. Under the agreement with the Somerville, MA-based firm, NAR members receive free access to “Apply Now by Rental Beast,” the secure FCRA-compliant online rental application and tenant screening engine. “NAR Realtor Benefits aims to provide…
Read More
mortgage
ALBANY—Property tax levy growth will again be capped at 2% for 2023 for local governments that operate on a calendar-based fiscal year, according to data released on July 13 by New York State Comptroller Thomas P. DiNapoli. This figure affects tax cap calculations for all counties, towns, and fire districts, as well as 44 cities…
Read More