WASHINGTON—A majority (63%) of agents and brokers said promoting energy efficiency in listings is very or somewhat valuable, according to a new report from the National Association of Realtors—The 2023 Realtors and Sustainability Report. “While each area of the country has a unique climate and community resources, Realtors are finding the need to embrace their…
Read MoreWASHINGTON—Pending home sales decreased in March for the first time since November 2022, the National Association of Realtors reported yesterday (April 27). Three U.S. regions posted monthly losses, while the South increased. All four regions saw year-over-year declines in transactions. Home sales in the Northeast fell more than 8%. The Pending Home Sales Index—a forward-looking…
Read MoreYONKERS—Yonkers Mayor Mike Spano joined Ginsburg Development Companies and city officials on April 21 to celebrate the dedication of the Martin Ginsburg Park in the Greystone neighborhood that links Warburton Avenue to the Old Croton Aqueduct State Trail. The new park, which is named after the GDC Founder and Principal Martin Ginsburg, features a stairway…
Read MoreMOUNT PLEASANT— Toll Brothers will age-restrict 162 proposed townhomes in response to feedback from the Mount Pleasant Town Board, a decision that will allow the project between Columbus Avenue and West Lake Drive to move to the Zoning Board for review of a needed change to permit the townhomes use. The Town of Mount Pleasant…
Read MoreNEW YORK—The Fund for the City of New York (Fund) in partnership with United Way of New York City (UWNYC) released on April 25th the “2023 NYC True Cost of Living report,” which found that 50% of working-age households in New York City do not earn enough to meet basic needs. This equates to 1,298,212…
Read MoreWASHINGTON—Existing-home sales edged lower in March, according to a report released by the National Association of Realtors on April 20. Month-over-month sales declined in three out of four major U.S. regions, while sales in the Northeast remained steady. All regions posted year-over-year decreases. Existing-home sales in the Northeast were unchanged from February at an annual…
Read MoreWHITE PLAINS—The negative trifecta of high inflation and mortgage interest rates and low inventory continues to put a significant dent in home buying sales volume in the New York City/Lower Hudson Valley market. Single-family home prices values continued to rise in the first three months of this year in some markets, but indications are that…
Read MoreAnyone who has ever been to a Disney theme park is familiar with the popular boat ride attraction featuring dolls of the world singing and dancing throughout the seven continents. “It’s a Small World” is meant to show how today’s world is really smaller than we think—given the technology now that can bring us all…
Read MoreFARMINGDALE, NY—OneKey MLS reported today that for March 2023, a regional closed median sale price of $550,000, representing no change as compared to the figure reported in February 2023. OneKey service area spans from Montauk to Manhattan, north through the Hudson Valley and the Catskill Mountains. Between February 2023 and March 2023, closed regional sales…
Read MoreKANSAS CITY, MO—– A newly released housing report by the National Association of Realtors reveals middle-income homeowners accumulated $122,100 in wealth as their homes appreciated by 68% in the last 10 years. The report indicated all income earner brackets benefitted from home appreciation, however, some stark inequalities in benefits were revealed. The report, Wealth Gains…
Read MoreNEW ROCHELLE—Move over “Dancing with the Stars”! The Hudson Gateway Realtor Foundation has adapted the popular TV series to its own special fundraising event, “Dancing for the Foundation,” taking place on Thursday, May 18 from 6 p.m. to 10 p.m. at New Rochelle’s Glen Island Harbour Club. Anyone who’s a fan of famous dancers like…
Read MoreSANTA CLARA, CA—While the best time to sell your home is upon us, there is one major issue holding sellers back—high mortgage rates. According to a new survey released on April 17 from Realtor.com and HarrisX, the vast majority (86%) of those planning to sell their home in the next 12 months are also planning…
Read MoreWHITE PLAINS—Coming off of a rocky end to 2022, the real estate industry was hopeful for a better market at the start of 2023. However, the data recorded in Westchester, Putnam, Rockland, Orange, Sullivan and Bronx counties paints a different picture, even when compared to pre-pandemic numbers. While the cyclical nature of the residential market…
Read MoreWASHINGTON—Nearly half of seller's agents (48%) reported that staging a home decreased its time on market, according to a newly released report by the National Association of Realtors. For both buyers' and sellers' agents, one in five (20%) said home staging increased the offer price by between 1% and 5% compared to similar homes on…
Read MoreALBANY—In honor of Fair Housing Month, the New York State Division of Human Rights will be hosting a free day-long conference, “Fair Housing Protects, Knowledge Empowers: Increasing Equity through Policy, Practice and Education” on Tuesday, April 25 at the New York State Museum’s Huxley Theater at the Empire State Plaza, 222 Madison Ave. in Albany.…
Read MoreWASHINGTON—Pending home sales grew in February for the third consecutive month, the National Association of Realtors reported on March 29. Three U.S. regions posted monthly gains, while the West declined. All four regions saw year-over-year decreases in transactions. The Pending Home Sales Index, a forward-looking indicator of home sales based on contract signings, improved 0.8%…
Read MoreWHITE PLAINS—The chief executives of five major business organizations in Westchester County, including the Hudson Gateway Association of Realtors, have jointly sent a letter to the Westchester State Delegation urging them that incentives alone will not solve the housing crisis in Westchester County and therefore lawmakers should enact some key facets of Gov. Kathy Hochul’s…
Read MoreWASHINGTON—Existing-home sales reversed a 12-month slide in February, registering the largest monthly percentage increase since July 2020, according to the National Association of Realtors. Month-over-month sales rose in all four major U.S. regions. All regions posted year-over-year declines. Total existing-home sales, completed transactions that include single-family homes, townhomes, condominiums and co-ops, vaulted 14.5% from January…
Read MoreFARMINGDALE—OneKey MLS has reported a regional closed median sale price of $550,000 in February 2023 for the New York area residential market, representing a 4.40% decrease as compared to the reported $575,000 in January 2023. OneKey MLS reported on March 20 that between January 2023 and February 2023, closed regional sales transactions, including residential, condo,…
Read MoreALBANY—As negotiations continue at the State Capital on the 2023-2024 New York State Budget, Gov. Kathy Hochul and state legislative leaders agree that the state is facing a housing crisis. The issue seems to be how to go about solving it, through offering carrots in the form of incentives to spark new affordable housing construction…
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