NAR: What a Government Shutdown Means for Realtors
HUD has a contingency plan that keeps many housing programs alive, though often in a reduced capacity, while others face serious disruption.
U.S. Pending Home Sales Rose Nearly 4% in August While Northeast Pending Deals Fell Slightly
Lower mortgage rates are enabling more homebuyers to go under contract.
Existing-Home Sales Fell 0.2%; New Home Sales Soared Nearly 21% in August
The average 30-year fixed-rate mortgage in August was 6.59%, according to Freddie Mac, down from 6.72% in July and 6.50% one year ago.
State Agency Extends Ground Lease at Battery Park City in $1.5-Billion Deal
The agreement underscores the continued strength of Lower Manhattan’s office market, of which Brookfield Place comprises approximately 10% of inventory.
HGAR Named Among Top Trade Associations in New York State
HGAR officials noted that its selection “is a testament to the impact of our advocacy, leadership and presence across the region.”
Former Rockland County RE Agent Pleads Guilty to Deed Theft
Dais pleaded guilty today in Rockland County Court to forgery and violation of the Home Equity Theft Protection Act (HETPA).
Purchase and Refi Mortgage Applications Rise Slightly Post Fed Rate Cut
Mortgage rates declined further last week, with the 30-year fixed rate falling to its lowest level since last September to 6.34%.
$3.5-Billion Brooklyn Marine Terminal Plan Clears Major Hurdle
In addition to a revitalized port, the plan passed on Sept. 22 will also create 6,000 new homes—including 2,400 permanently-affordable units—as well as 28 acres of public space.
Compass to Acquire Anywhere Real Estate for Approximately $1.6 Billion
The transaction is expected to diversify Compass by adding over $1 billion in revenue from Anywhere's established franchise, title and escrow, and relocation operations.
RPAC Honor Roll August
Thank you to the following Members who are leading the way in the 2025 RPAC campaign
Mamaroneck Apartment Building Trades for $11 Million
The 13-unit building traded for $846,156 per unit, which is a record for Mamaroneck and the second highest price per unit in Westchester County.