ALBANY—Gov. Kathy Hochul in her address on her proposed Fiscal Year 2024 Executive Budget on Feb. 1 outlined her “New York Housing Compact” that looks to address the housing shortage in New York State by building 800,000 new homes over the next decade. The plan sets housing target growth rates at 3% for downstate municipalities…
Read MoreAlthough 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…
Read MoreWHITE PLAINS—The residential sales market in the Hudson Valley and New York City continues to transition from the COVID-19 pandemic-induced frenzied period where buyers flocked to take advantage of historically low interest rates. In 2022, high inflation and the Federal Reserve’s actions of hiking interest rates to tamp down the inflation rate that reached a…
Read MoreALBANY—In her 2023 State of the State address on Jan. 10 in Albany, New York Gov. Kathy Hochul outlined key initiatives to reduce crime and gun violence, enhance mental health services and address the affordability crisis in the state. The governor introduced her “New York Housing Compact,” a groundbreaking strategy to catalyze housing development that…
Read More
news
PEARL RIVER—Officials with the Hudson Valley iCampus in Pearl River report the ownership has closed lease and renewal deals totaling 337,589 square feet on campus valued at more than $40 million from August 2021 through December 2022. “We are very pleased with how swiftly our rebranding program and outreach to the community has positively impacted…
Read More
legal-advocacy
All Professional Standard rules and procedures are developed by the National Association of Realtors and are adopted by each state and local association. Some rules and procedures are required, but others are subject to individual association adoption. One of these optional procedures is the possible adoption of a Citation Program. A Citation Program is simply…
Read More
people
The Howard Hughes Corporation announced recently that Andrew Schwartz and Zach Winick have been named Co-Presidents of the company's New York region and will lead the continued revitalization of the Seaport neighborhood in Lower Manhattan. Schwartz will lead partnerships and programming and Winick will oversee operations and development as they succeed outgoing regional president Saul…
Read More
residential
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…
Read More
I don’t know what it is about the beginning of the year that makes agents so anxious… Ok, maybe I do, but they shouldn’t be. The beginning of every new year I hear, “I don’t have anything going on. I’m starting to freak out,” as if the changing of the year killed all of their…
Read More
We are now in the first few weeks of the new year and if you are like most, you’re probably pumped up about starting your new year resolutions or taking the opportunity to reinstitute some good old habits that may have fallen by the wayside over time. Or… even still, you may be dreading coming…
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
By now you have heard of or come face to face with the slowing real estate environment. The culprit is inflation, born of a post-pandemic fiscal stimulus intended to help the American economy recover. The unintended consequence was a 40% increase in the money supply of the U.S. economy. It also provided “seed money” for…
Read More