News

OneKey MLS Partners with RISMedia To Deliver News Content to Subscribers

February 8, 2023

NORWALK, CT—RISMedia announced a new partnership with OneKey MLS, the largest multiple listing service in New York that serves more than 50,000 Realtors and 4,500 participating offices throughout Long Island, New York City and the Hudson Valley, to bring best-in-class articles and need-to-know information to its subscribers. OneKey MLS subscribers will receive a selection of…

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HGAR Members Honored at NYSAR Mid-Winter Meetings

February 8, 2023

ALBANY—The New York State Association of Realtors at its Mid-Winter Meetings held here earlier this month acknowledged HGAR’s 2022 Realtor of the Year Gail Fattizzi and announced the selection of a number of HGAR members for prestigious community service and industry advocacy awards, as well as several RPAC Hall of Fame inductions. From left, Gail…

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President Biden Promotes Infrastructure, CHIPS Bills And Economic Agenda in State of the Union Address

February 8, 2023

WASHINGTON—President Joe Biden in his 72-minute address last night before a divided Congress stressed that the State of the Union is strong and pushed his economic agenda that includes trillions of dollars in funding for infrastructure, climate change and semiconductor manufacturing that is creating tens of thousands of new jobs in the construction industry alone.…

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Hudson Valley iCampus Closes $40M In Major Lease, Renewal Transactions

February 6, 2023

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…

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NAR’s Yun Says, ‘Recent Low Point in Home Sales Activity is Likely Over’

January 30, 2023

WASHINGTON—Pending home sales increased in December for the first time since May 2022—following six consecutive months of declines—according to the National Association of Realtors. The Northeast and Midwest recorded month-over-month reductions, while the South and West posted monthly gains. All four U.S. regions saw year-over-year decreases in transactions, with the West experiencing the largest decline…

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Camber Property Group Acquires Two Bronx Rental Properties for Nearly $57 Million

January 25, 2023

NEW YORK—Camber Property Group announced on Jan. 24 it had closed on two 100% affordable properties in The Bronx, preserving and extending affordability for 187 units in transactions valued at a total of $56.4 million. In early January 2023, Manhattan-based Camber closed on the purchase of Morris Heights Mews, a three building, 111-unit, 100% Project…

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Douglas Elliman Names Todd Bourgard CEO Of Long Island, Hamptons and North Fork

January 24, 2023

NEW YORK—Residential brokerage firm Douglas Elliman Realty has announced it has promoted its Senior Executive Regional Manager of Sales for Hamptons and North Fork Todd Bourgard to Chief Executive Officer of Long Island, Hamptons and North Fork, effective immediately. In his new role, Bourgard will oversee operations throughout the entire Long Island region, totaling 36…

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U.S. Existing-Home Sales Receded 1.5% in December; Northeast Transactions Fell Nearly 2%

January 20, 2023

WASHINGTON—Existing-home sales retreated for the 11th consecutive month in December, the National Association of Realtors reported today. Three of the four major U.S. regions recorded month-over-month drops, while sales in the West were unchanged. All regions experienced year-over-year declines. Total existing-home sales decreased 1.5% from November to a seasonally adjusted annual rate of 4.02 million…

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OneKey MLS: Regional Residential Closed Median Sale Price Falls Slightly; Sales Drop Nearly 8%

January 20, 2023

FARMINGDALE, NY—For December 2022, OneKey MLS reported today a regional closed median sale price of $570,000, representing a 0.90% decrease as compared to the reported $575,000 in November 2022. Between November and December 2022, closed regional sales transactions in the nine-county OneKey MLS region, including residential, condo, and co-op sales, decreased to 4,270 from 4,620,…

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NYC-Hudson Valley Housing Markets Continue To Post Low Sales, Inventory, Higher Prices

January 19, 2023

WHITE 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…

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NY State Begins Process to Approve Mega Downstate New York City Area Casinos

January 18, 2023

ALBANY—The prospect of downstate casinos in the New York metro area just got serious and those who seek these lucrative full-gaming licenses will have to possess very deep pockets that will fund at the least $1 billion in investment. The New York State Gaming Facility Location Board issued Request for Applications on Jan. 3 for…

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GUEST COLUMN: 2023 The Year of Breakthrough

January 12, 2023

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…

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Hudson Gateway Realtor Foundation Raises More Than $100,000 for Charity in 2022

January 11, 2023

WHITE PLAINS—The Hudson Gateway Realtor Foundation, the charitable arm of the Hudson Gateway Association of Realtors reached its goal of $100,000 in fundraising for 2022, raising a total of $105,515. The funds will be used to provide 2023 donations to charities and non-profits throughout the Hudson Valley. In 2022, the foundation held its “Runway for…

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Longtime NYSAR CEO Charles ‘Chuck’ Staro Passes Away

January 9, 2023

ALBANY—The New York State Association of Realtors announced today (Jan. 9) that longtime NYSAR CEO Charles M. “Chuck” Staro passed away on Jan. 5 at the age of 82. At the time of his passing, Staro was a resident of Estero, FL. Staro joined NYSAR in 1967 and served as NYSAR Chief Executive Officer for…

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