NEW YORK—Real estate is a driving economic force in New York State, and politics and policy can have a significant impact on the industry. The Hudson Gateway Association of Realtors, Inc. and OneKey MLS hosted an Oct. 12 virtual panel that featured experts who surveyed New York’s political landscape, looked at laws and regulations, and…
Read MoreFARMINGDALE—OneKey MLS announced on Oct. 23 it completed the annual selection process and had nominated five new Managers to represent stakeholder interests for a two-year term on its Board of Managers. The newly selected Nominees will serve alongside Chairperson Frank DellAccio and Managers Leah Caro, Linda Lugo, Melissa Gomez, and Pati Holmes, together with three…
Read MoreALBANY—New York Gov. Kathy Hochul signed several bills into law on Oct. 23 geared at building and preserving more affordable, energy-efficient housing in New York City. The governor signed S. 4709A/A. 7758, which authorizes New York City to adopt a new affordable housing rehabilitation program to replace the former J-51 program. The governor also signed…
Read MoreNEW YORK—Yesterday (Oct. 19) a host of elected officials, hip-hop luminaries and community leaders joined L+M Development Partners, Type A Projects, BronxWorks, and The Hip Hop Museum for a ribbon cutting ceremony to celebrate the opening of the housing and public space components at phase one of Bronx Point, the much-anticipated $349-million mixed-use development on…
Read MoreWHITE PLAINS—While Realtors say that home buying demand is still strong, high interest rates and critically low inventory caused residential sale transactions to fall precipitously in the third quarter of 2023. According to the recently released “2023 THIRD QUARTER REAL ESTATE SALES REPORT: Westchester, Putnam, Rockland, Orange, Sullivan and Bronx counties, New York” by the…
Read MoreWASHINGTON—Existing-home sales faded in September, the National Association of Realtors announced today. Among the four major U.S. regions, sales rose in the Northeast but receded in the Midwest, South and West. All four regions registered year-over-year sales declines. Total existing-home sales—completed transactions that include single-family homes, townhomes, condominiums and co-ops—waned 2.0% from August to a…
Read MoreNEW YORK—The New York Building Congress released its “2023-2025 New York City Construction Outlook Report” on Oct. 18 where it projects that total construction spending in New York City will reach $83 billion in 2023, up $13 billion from last year, adjusting for inflation. The updated spending figure is projected to reach $261 billion over…
Read MoreFARMINGDALE, NY— For September 2023, OneKey MLS reported today a regional closed median sale price of $630,000, a 0.80% decrease as compared to the $635,000 reported in August 2023. In a year-over-year comparison, the closed median sale price increased 5.00% from $600,000, reported in September 2022. However, sales transactions and pending residential deals were down…
Read MoreWEST NYACK— The Palisades Center mall in West Nyack recently announced the grand opening of real estate brokerage firm RE/MAX Opulent on Level One near Best Buy. RE/MAX Opulent is headed by Broker Zulma Valnetin and Vice President of Operations Jian Gonzalez. The brokerage features an experienced and dedicated team of real estate professionals that…
Read MoreNEW YORK—The Hudson Gateway Association of Realtors held its second annual “Bronx County Day” recently that was attended by more than 100 Realtor members and staff, as well as a host of politicians representing the borough, including Bronx Borough President Vanessa Gibson. At the event, held at the Castle Hill YMCA, commercial and residential real…
Read MoreEditor’s Note: The following is the full text version of the 2023 THIRD QUARTER REAL ESTATE SALES REPORT Westchester, Putnam, Rockland, Orange, Sullivan and Bronx counties, New York released recently by the Hudson Gateway Association of Realtors. WHITE PLAINS—The combination of high interest rates and low inventory dampened buyer demand and were the chief causes in…
Read MoreWHITE PLAINS—The Hudson Gateway Realtor Foundation, the charitable arm of the Hudson Gateway Association of Realtors, recently presented a check for $3,500 to Lifting Up Westchester (LUW) in White Plains. LUW provides life-changing support to people who have lost their housing or are struggling to meet other basic needs. They help individuals find stable housing…
Read MorePEEKSKILL—For the past 22 years, Irene Amato has been synonymous with A.S.A.P. Mortgage, based in Peekskill with six branch offices throughout the Hudson Valley and in the Bronx. However, in the past few years, the mortgage maven has expanded her career to include hosting her own workshops, speaking at real estate expos and networking groups,…
Read MoreBy Stacey Moncrieff CHICAGO—The National Association of Realtors announced on Tuesday (Oct. 10) the appointment of a new commission aimed at developing recommendations for changing NAR’s culture. The 75-member Culture Transformation Commission is made up of both members and association staff. The CTC will hold its first meeting Oct. 19. Formation of the CTC comes…
Read MoreMADISON, NJ—Coldwell Banker Real Estate LLC, a subsidiary of Anywhere Real Estate Inc., announced on Oct. 10 that Jason Waugh will serve as President of Coldwell Banker Affiliates, effective immediately. Waugh will lead the Coldwell Banker brand, including brand strategy and positioning, affiliate operations, and franchise sales for its growing network of 100,000 affiliated sales…
Read MoreNEW ROCHELLE—Westchester Residential Opportunities (WRO) will hold its 55th Anniversary Gala on Nov. 2 from 6 p.m. to 9:30 p.m. at the VIP Country Club in New Rochelle. The event is open to all and will include a cocktail hour, dinner and the program. WRO will be honoring two members of the community: Ted Childs,…
Read MoreNEW YORK—New York Attorney General Letitia James announced an agreement on Oct. 10 with New Rochelle-based real estate company and property manager, Platzner International Group (PIG), its owners Merrick Platzner and Harrin Platzner, and their various properties for denying housing to low-income residents in Westchester County. The Office of the Attorney General, with assistance from…
Read MoreWHITE PLAINS—After detailing a laundry list of problems that have caused a “difficult year” for the real estate markets thus far in 2023, NAR Chief Economist Dr. Lawrence Yun told a gathering of about 100 HGAR members and affiliates that he believes the home sales market will improve in 2024. In his first-ever appearance before…
Read MoreWEST BABYLON—The Long Island Board of Realtors announced on Sept. 26 the appointment of Doreen Spagnuolo as the permanent Chief Executive Officer of the 30,000-member trade association. In this role, Spagnuolo will spearhead LIBOR's mission to be the trusted ally uniting its Realtor Members in promoting the benefits and ensuring the future of real property…
Read MoreWHITE PLAINS—After brokerage firm Redfin recently announced its intent to leave the National Association of Realtors over sexual harassment allegations that led to NAR President Kenny Parcell’s resignation, comes news that two other major brokerage firms will not require its brokers or agents to be members of the embattled organization as part of settlement agreements…
Read More