Residential

Ask the Home Inspector: Guarding Against Radon

December 14, 2022

Real Estate In-Depth has launched a new feature geared at providing useful information and the latest trends in the home inspection sector. In this installment we asked veteran home inspector Mark Aakjar the following question: Q: How dangerous is Radon and should prospective homebuyers have homes tested for Radon as part of their due diligence?…

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Work Begins on $650M Redevelopment Of Former White Plains Mall Property

December 14, 2022

In the 1970s and 1980s, the parking lot at the White Plains Mall was filled with shoppers and diners who were patrons of such Downtown White Plains staples as Scotch & Sirloin, Dag’s Tavern, Wallauer Paint & Design, McDonald’s and in the later years Bob Hyland’s The Sports Page. For a time, many in the…

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NAR Predicts Nearly 7% Decline in Home Sales, Stable Prices in 2023

December 14, 2022

WASHINGTON—What was evident from the forecasts from noted real estate economists, including National Association of Realtors Chief Economist Lawrence Yun, at yesterday’s Real Estate Forecast Summit is that while 2023 will be a difficult year for many, it will in no way mirror the severe downturn the industry suffered in 2008. Yun, forecasts that 4.78…

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Judge Declares Newburgh’s Good Cause Eviction Law Null and Void

December 8, 2022

GOSHEN—New York State Supreme Court Justice Sandra Sciortino, recently granted summary judgment to a group of property owners and declared the City of Newburgh’s Good Cause Eviction law (Local Law 6) null and void. In her Nov. 29 ruling, Judge Sciortino said Local Law 6 “alters substantive provisions and procedures of existing state law by…

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Anywhere Real Estate Shuffles Leadership Deck at Coldwell Banker

December 7, 2022

MADISON, NJ— Anywhere Real Estate Inc., formerly known as Realogy Holdings Corp., announced on Dec. 6 a number of executive leadership changes, including the departure of M. Ryan Gorman as CEO of Coldwell Banker. Anywhere, which operates a portfolio of real estate brands, including Better Homes and Gardens Real Estate, CENTURY 21, Corcoran, ERA, and…

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HGAR’s DEI Officer Honored by Marist College

December 6, 2022

POUGHKEEPSIE—Marist College recently honored three distinguished members of the Hudson River Valley community at the college’s annual President’s Community Breakfast, including Freddimir Garcia, Diversity, Equity and Inclusion Officer at the Hudson Gateway Association of Realtors, Inc. The honorees all received President’s Awards for Community Service for their significant contributions to the local area from Marist…

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NYC Multifamily Properties Trade for $825 Million

December 6, 2022

NEW YORK—In a deal announced by JLL Capital Markets on Dec. 5, the Solow Building Company has sold three Upper East Side multifamily properties to an equity syndication by GO Partners for $825 million. The properties at One Sutton Place, Two Sutton Place and One East River Place total 858 units. The three buildings are…

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Realtor.com Housing Forecast: Homebuying Costs Aren't Coming Down in 2023

December 1, 2022

SANTA CLARA, CA—Amid higher mortgage rates and budgets squeezed by inflation, homebuyers looking for affordability in 2023 will find that prices aren't coming down, according to the Realtor.com 2023 Housing Forecast released on Nov. 30. Instead, with the housing market beginning a gradual adjustment that could last through 2025, what next year will offer buyers…

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Manhattan Realtor Tony D’Anzica Named 2023 HGAR President

November 29, 2022

SLEEPY HOLLOW—The Hudson Gateway Association of Realtors held its 106h Annual Member Appreciation Day and Annual Meeting on Monday, Oct. 24 at the Sleepy Hollow Hotel and Conference Center here that was highlighted by the announcement that veteran Manhattan Realtor Tony D’Anzica of DynaMax Realty, NYC, Inc. is the organization’s 2023 President. At the event,…

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Two 55+ Housing Projects Proposed By Toll Brothers, AMS in Yorktown

November 29, 2022

YORKTOWN—The Town of Yorktown reports that two developers—Toll Brothers and AMS Acquisitions—have submitted zoning requests that would allow their respective 55+ housing developments to proceed to construction. Toll Brothers, Inc. is seeking zoning changes at 2448 Catherine St. to permit a 118-unit townhouse community for active adults over 55, mostly on undeveloped land next to…

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NAR: U.S. Existing-Home Sales Declined 5.9% in October

November 18, 2022

WASHINGTON—Existing-home sales retreated for the ninth straight month in October, according to the National Association of Realtors. All four major U.S. regions registered month-over-month and year-over-year declines. Northeast home sales fell 6.6% last month as compared to September 2022 and 23% from October 2021. Total existing-home sales—completed transactions that include single-family homes, townhomes, condominiums and…

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Women’s Council of Realtors Stages ‘Deals in Heels’ Fundraising Event

November 17, 2022

NEW ROCHELLE—The Women's Council of Realtors Local Westchester Chapter held a well-attended “Deals in Heels” fundraising event for RPAC that also included the official installation of 2023 Officers on Oct. 27 at the Glen Island Harbour Club here. 2022 WCR President Vlora Sejdi presided over much of the program that included a host of special…

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SPOTLIGHT ON: HGAR 2022 Affiliate of the Year Brian Tormey

November 15, 2022

When Brian Tormey, President of TitleVest Agency in Manhattan, attended HGAR’s Members Appreciation Day in October, he had no idea it would end with him being named the Association’s Affiliate Member of the Year. “I was completely surprised, and I am truly honored,” he said. “I really never expected this.” Tormey has been an Affiliate…

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NAR: Home Prices Rose Year-Over-Year in 98% of Metro Areas in Third Quarter of 2022

November 10, 2022

WASHINGTON—An overwhelming majority of metro markets saw home price gains in the third quarter of 2022 despite mortgage rates that approached 7% and declining sales, according to the National Association of Realtors’ latest quarterly report released on Nov. 10. Forty-six percent of the 185 tracked metro areas registered double-digit price increases, down from 80% in…

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Hudson Companies Acquires TOD Site in Port Chester from Ivy Realty

November 9, 2022

PORT CHESTER—The Hudson Companies announced on Nov. 9 that it had closed on the acquisition of a fully-entitled development parcel at 27-45 North Main St. and 28 Adee St. in the Village of Port Chester. Company officials said plans for the site call for a mix of rental housing, retail space, and community facilities. The…

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NAR Report: Share of First-Time Home Buyers Smaller, Older than Ever Before

November 9, 2022

WASHINGTON—When compared to a year ago, the share of first-time home buyers dropped to a record low, while the age of a typical first-time buyer increased to an all-time high, according to a report released on Nov. 3 by the National Association of Realtors. The median distance buyers moved from their previous homes more than…

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