ALBANY—As negotiations continue at the State Capital on the 2023-2024 New York State Budget, Gov. Kathy Hochul and state legislative leaders agree that the state is facing a housing crisis. The issue seems to be how to go about solving it, through offering carrots in the form of incentives to spark new affordable housing construction…
Read MoreSANTA CLARA, CA—While any astute real estate professional will tell you it's nearly impossible to time the real estate market, there is one week that is most likely to get home sellers the best possible outcome, according to Realtor.com. Nationally, homeowners who list the week of April 16-22, 2023 will hit the sweet spot in…
Read MoreWHITE PLAINS—Commercial brokerage firm CBRE announced today that the headquarters building for the Hudson Gateway Association of Realtors has been sold to Hines U.S. Property Partners. Hines U.S. Property Partners is the flagship commingled U.S. core plus fund for Hines, which is headquartered in Houston. No financial terms of the transaction were disclosed by CBRE…
Read MoreALBANY—New York Gov. Kathy Hochul announced on Feb. 24 a $2.2-million expansion of New York’s Fair Housing Testing Program designed to root out discrimination in home rental and sale transactions. New York State has partnered with six nonprofit organizations across the state to deploy undercover testers to act as potential renters and home seekers. The…
Read More
news
WHITE PLAINS—Black History Week was unofficially started in 1915, 50 years after the Thirteenth Amendment abolished slavery in the United States to research and promote the achievement of Black Americans and other people of African descent. Fast forward to 1926, the second week of February – which coincides with the birthdays of Abraham Lincoln and…
Read More
legal-advocacy
Stone Soup—For those that haven’t heard this story, it’s about hungry travelers who say they are going to boil a big stone in a pot of water to make soup for everyone. While they say it’s delicious, they also say that it needs a little bit of garnish, which is missing, to improve the flavor.…
Read More
people
John Oliveri, Westchester Luxury Properties, Associate Broker with Howard Hanna Rand Realty in White Plains, has been selected for the 2023 Best of White Plains Award in the Real Estate Agency category by the White Plains Award Program. As a multi-year winner, he has also been added to the Hall of Fame. Each year, the…
Read More
residential
WASHINGTON—Existing-home sales reversed a 12-month slide in February, registering the largest monthly percentage increase since July 2020, according to the National Association of Realtors. Month-over-month sales rose in all four major U.S. regions. All regions posted year-over-year declines. Total existing-home sales, completed transactions that include single-family homes, townhomes, condominiums and co-ops, vaulted 14.5% from January…
Read More
As I often say, the Hudson Gateway Association of Realtors is a real estate trade association. We are not a book club, and we are not fighting to save the whales—there are other worthwhile organizations that do that. As a trade association, our primary mission and goal is to serve our membership by advocating on…
Read More
In my capacity as an instructor, I have taught a class called “Is that Pony a Pet? Understanding Assistance Animals” for various boards around the State of New York, including the Hudson Gateway Association of Realtors. This has been a very popular and confusing topic for many agents, and I have noticed a strange phenomenon…
Read More
technology
WASHINGTON—When it comes to real estate technology, Realtors said that eSignature, lockbox, and apps and technology from their local multiple listing service were the most impactful tools for their businesses this past year. These findings appear in the 2022 Technology Survey from the National Association of Realtors released on Nov. 1. The survey examined NAR…
Read More
mortgage
WASHINGTON—Mortgage applications decreased 5.7% from one week earlier, according to data from the Mortgage Bankers Association’s Weekly Mortgage Applications Survey for the week ended Feb. 24, 2023, released by the MBA on March 1. On an unadjusted basis, the Index decreased 4% compared with the previous week. The Refinance Index decreased 6% from the previous…
Read More