Residential

Howard Hanna | Rand Realty Opens New Office in East Hanover, NJ

August 8, 2022

EAST HANOVER, NJ—Howard Hanna | Rand Realty is pleased to announce the opening of its newest office in East Hanover, NJ, located at 460 Ridgedale Ave. Howard Hanna | Rand Realty already has a solid in-town presence, with highly skilled agents who are local experts, including The Kirkwood Group and The Palianto Team. Both teams…

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Brown Harris Stevens Opens Rhinebeck Office

August 8, 2022

RHINEBECK—Residential brokerage firm Brown Harris Stevens announced on Aug. 2 the official opening of its new Rhinebeck office at 18 Garden St. with a launch party. Those in attendance included Brown Harris Stevens CEO Bess Freedman, Rhinebeck Executive Director of Sales Lisa Fountain, Chief Operating Officer Doug Williford, Hudson Executive Director of Sales Nancy Felcetto,…

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Orange County’s Green Team Affiliates With Better Homes and Gardens RE

August 8, 2022

WARWICK—Better Homes and Gardens Real Estate LLC recently announced the affiliation with the Green Team in Warwick, which expands the brand’s service area in the Hudson Valley and Sussex County, N.J. The firm, which now operates as Better Homes and Gardens Real Estate Green Team, is led by second-generation broker Geoff Green and president, Vikki…

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Construction Starts on $189-Million Affordable Housing Project in the Bronx

July 28, 2022

NEW YORK—New York Gov. Kathy Hochul and New York City Mayor Eric Adams were among the dignitaries on hand for the July 27th groundbreaking on a $189-million affordable housing development in the Morris Heights section of the Bronx. Starhill Phase I will feature 326 affordable apartments, including 200 homes with supportive services for individuals experiencing…

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Northeast New Home Sales Plunge Nearly 25% in June

July 27, 2022

  WASHINGTON—New home sales in June fell to the lowest level since April 2020, reflecting declining builder sentiment as construction bottlenecks continue to slow new home building and raise housing costs, the National Association of Home Builders reported on July 26. Sales of newly built, single-family homes in June fell 8.1% to a 590,000 seasonally…

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Harbor Group International JV Acquires Avalon Green for $306 Million

July 27, 2022

ELMSFORD—A joint venture of affiliates of Norfolk, VA-based Harbor Group International, LLC and Azure Partners of New York City has acquired the Avalon Green multifamily community in Elmsford for $306 million. The joint venture announced on July 25 that it would further implement a $9.2-million capital improvement program across the 617-unit community to refresh amenities…

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Corcoran Group Expands NJ Presence to Jersey City, Hoboken

July 26, 2022

NEW YORK—The Corcoran Group, LLC is expanding its brokerage operations to the Jersey City-Hoboken markets with its affiliation with Sawyer Smith Residential. Sawyer Smith Residential is owned and led by Timothy Sawyer Smith and serves Hoboken and Jersey City. The firm will now operate as Corcoran Sawyer Smith. The deal was announced by Corcoran President…

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Home Sales Fall Sharply in Hudson Valley in Second Quarter

July 21, 2022

WHITE PLAINS—If Realtors are feeling a sense of deja vu when it comes to current home sales activity, perhaps they are recalling how conditions were back in 2018 and 2019, which were both considered strong markets at the time. However, the boom market of 2021, with surging sales and soaring prices throughout the region, has…

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Trade Delegation Accomplished a Great Deal in a Glorious Setting

July 20, 2022

WHITE PLAINS—Why was it glorious? I would have to say it was mostly because of the great Portuguese people and their kindness, openness, and ability to make strangers (us) feel at home. From meeting local Realtors to visiting existing and new developments, sharing opportunities for investment in our HGAR regions to learning more about investment…

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Foreign Investment in Existing-Home Sales Has Climbed to $59 Billion: NAR Report

July 19, 2022

WASHINGTON—Foreign buyers purchased $59 billion worth of U.S. existing homes from April 2021 through March 2022, an 8.5% increase from the previous 12-month period and halted a three-year skid in foreign investment in U.S. residential real estate, according to a new report from the National Association of Realtors released on July 18. Foreign buyers purchased…

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NAR Selects Rental Beast as its Rental Space Software Provider

July 18, 2022

CHICAGO—The National Association of Realtors has announced that Rental Beast is its exclusive recommended software provider in the rental space. Under the agreement with the Somerville, MA-based firm, NAR members receive free access to “Apply Now by Rental Beast,” the secure FCRA-compliant online rental application and tenant screening engine. “NAR Realtor Benefits aims to provide…

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Howard Hanna | Rand Realty Expands New Jersey Operations

July 15, 2022

OLD TAPPAN, NJ—Howard Hanna | Rand Realty announced on July 14 that it has increased its presence in the State of New Jersey, and specifically in Bergen County, with its merger with Lancia Realty of Old Tappan, NJ. Lancia Realty, located at 12 Bi-State Plaza, Old Tappan, is now operating as Howard Hanna | Rand…

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Nearly Three Out of Five Realtors Say Limited Inventory Prevented Clients from Buying Homes in 2021

July 13, 2022

WASHINGTON—Amid a persistent housing supply crunch, 57% of Realtors cited a lack of inventory as the leading reason limiting potential clients from completing a transaction, according to the National Association of Realtors’ 2022 Member Profile, an annual report analyzing members’ business activity and demographics from the prior year. However, as housing demand surged last year…

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In Memoriam - Maureen Mushlit

July 13, 2022

The Hudson Gateway Association of Realtors is saddened to inform its membership of the passing of longtime Orange County Realtor Maureen (Biggane) Mushlit of Newburgh, formerly of Warwick and Goshen, on Wednesday, July 6, 2022. She was 80 years old. A Realtor for more than 40 years, Mushlit was passionate about helping young families achieve…

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City of White Plains Completes 6.8 MW Community Solar Portfolio

July 7, 2022

WHITE PLAINS—The City of White Plains and DSD Renewables (DSD) have completed the construction of a nine-site, 6.8-megawatt (MW) community solar portfolio, the largest municipal solar energy deployment in Westchester County. The portfolio is expected to generate 8,100 megawatt-hours (MWh) of energy annually, tripling the amount of solar energy produced in Westchester County and enough…

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