WHITE PLAINS—Sales volume in the market area of the Hudson Gateway Association of Realtors fell sharply in the second quarter of this year with all counties posting significant sales declines ranging from as low as 19% to a high of nearly 27%. Sales prices continue to rise in the Hudson Valley/Bronx region, although at more…
Read MoreNYACK—In the first of a series of programs that will focus on the key market areas serviced by the Hudson Gateway Association of Realtors, the association staged a highly-informative and well-attended “Rockland County Day” program on July 17 at the Nyack Seaport here. The event brought together Realtors, local politicians, economic development officials and other…
Read MoreFARMINGDALE—OneKey MLS reported a regional closed median sale price of $612,000 in June, a 3.40% increase as compared to the $592,000 reported in May 2023. In a year-over-year comparison, the closed median sale price held steady, decreasing less than 1.00% from the $615,000 reported in June 2022. The OneKey MLS report released on July 18th…
Read MoreGOSHEN—The Orange County Partnership reported earlier today that Tesla, the renowned electric car manufacturer, has selected Orange County as the home for its new regional distribution facility for vehicle parts in the Town of Newburgh. Orange County Partnership officials stated that Tesla will occupy 927,000 square feet of speculative space built by Matrix Development Group…
Read MoreWASHINGTON—Amid a significant shortage of housing supply in 2022, 32% of Realtors named a lack of inventory as the most important factor limiting potential clients from making a purchase, according to the National Association of Realtors’ 2023 Member Profile released on July 11. This annual report analyzes members’ business activity and demographics from the prior…
Read MoreAt the end of the second quarter of 2023, member firms of the Hudson Gateway Association of Realtors (HGAR) were reporting that buying demand remained high, however, buyer confidence had been shaken by the banking crisis, high interest rates, inflation and a predicted economic downturn or recession. The results of the second quarter clearly show…
Read MoreHIGHLAND FALLS—The storm damage from the torrential rains that hit the Hudson Valley on Sunday is considerable. At a press conference on Monday, Orange County Executive Steve Neuhaus said the damage in the Highland Falls/West Point area alone is in the “tens of millions of dollars.” Gov. Kathy Hochul, Neuhaus and other state, county and…
Read MoreWASHINGTON—Existing-home sales marginally increased in May, according to the National Association of Realtors. Sales were mixed among the four major U.S. regions, with the South and West posting improvements and the Northeast and Midwest experiencing home sales pullbacks. All four regions experienced year-over-year sales declines. Existing-home sales in the Northeast declined 2.0% from April to…
Read MoreWHITE PLAINS—A new era is dawning at the Hudson Gateway Association of Realtors as the search for a new Chief Executive Officer has come to an end. The Hudson Gateway Association of Realtors announced on June 20 that veteran visionary association executive Lynda Fernandez, CAE, RCE, CIPS has been named HGAR’s new Chief Executive Officer.…
Read MoreA Modern-Day International Gypsy Christina Prostano, an Associate Broker with Compass in Manhattan, has been in the real estate business for almost 20 years, but traveled quite an eclectic career path to get there. A sort of modern-day international gypsy, Prostano has enjoyed stints as a wedding band singer, an indie rock band performer, a…
Read MoreTOWN OF WALLKILL—Officials with the New York State Department of Transportation held a public hearing here on June 1 to update the public on its re-evaluation of planned improvements to Exit 122 on Route 17. They also provided an update on the environmental review of the possible expansion of sections of the roadway with a…
Read MoreSLEEPY HOLLOW—Organizers of the second annual Diversity, Equity, & Inclusion Summit were in agreement that this year’s event, held on June 5 and 6 at the Sleepy Hollow Hotel & Conference Center here, featured a wide-ranged offering of programs and discussions geared at providing insights for real estate brokers, agents, as well as association boards…
Read MoreWHITE PLAINS—At a press conference on May 31, Westchester County Executive George Latimer signed legislation into law that will create an agency that will provide legal counsel to income-eligible tenants and occupants facing eviction or other housing-related matters. A housing advocacy organization stated that 93% of landlords are represented by counsel in eviction proceedings in…
Read MoreWASHINGTON—If at first you don’t succeed, try, try and try again. A group of Republican Congressmen submitted an amendment to the federal debt ceiling agreement before the House Rules Committee to raise the SALT Cap from $10,000 to $60,000 for individual tax filers. However, Real Estate In-Depth has learned that the amendment failed to pass…
Read MoreMOUNT KISCO—After serving as Mayor of New Rochelle for nearly two decades, Noam Bramson will be leaving city government at the end of this year for the private sector. Earlier today, Sustainable Westchester announced that Mayor Bramson will take over as Executive Director of the Mount Kisco-based non-profit effective in January 2024. Bramson has served…
Read MoreWith the COVID-19 pandemic mostly in the rearview mirror, but economic headwinds on the horizon in 2023, Real Estate In-Depth thought it would be a good time to sit down with Westchester County Executive George Latimer to discuss some of the key issues the county is facing. Latimer, a veteran politician, is in the final…
Read MoreTARRYTOWN—The Hudson Gateway Association of Realtors along with six other regional Realtor Associations, will be holding the 2nd Annual Diversity, Equity & Inclusion (DEI) Summit on June 5 and 6 at the Sleepy Hollow Hotel & Conference Center in Tarrytown. OneKey MLS is the Premier Sponsor for the event. HGAR is teaming up with the…
Read MoreShould New Plan Utilize a Carrot or Stick? RYE—In the aftermath of Gov. Kathy Hochul’s failed “New York Hosing Compact” bold initiative that called for the development of 800,000 new housing units statewide to address what she termed is a housing crisis in New York State, real estate executives and government officials at a recent…
Read MoreWASHINGTON—Existing-home sales decreased more than 3% in April, according to the National Association of Realtors. All four major U.S. regions registered month-over-month and year-over-year sales declines. Home sales in the Northeast fell less than 2% last month, according to the NAR report. Total existing-home sales slid 3.4% from March to a seasonally adjusted annual rate…
Read MoreWHITE PLAINS—The Westchester County Tourism & Film was recently awarded a $520,000 grant from the U.S. Department of Commerce, through the Economic Development Administration, as part of the American Rescue Plan. This EDA Tourism Recovery Action Plan will support the development of the Westchester County Tourism Recovery Plan with research, strategic planning and prioritization of…
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