WASHINGTON—A large home sales surge in the Northeast and a smaller gain in the South pushed existing-home sales up for the third consecutive month in November, according to the National Association of Realtors. Total existing-home sales, which are completed transactions that include single-family homes, townhomes, condominiums and co-ops, rose 0.7% to a seasonally adjusted annual…
Read MoreWHITE PLAINS—As expected, Westchester County Executive Robert Astorino reported that the county had surpassed the court-mandated fair housing development benchmark of having financing in place and/or building permits issued for 750 units of affordable housing in 31 communities by the end of 2016. Astorino at a Dec. 27th press conference at the Michaelian Office Building…
Read MoreWASHINGTON—Shrinking consumer confidence due to declining housing affordability, combined with rising mortgage interest rates are expected to put downward pressure on home sales volume nationwide, according to new consumer survey findings and a 2017 housing forecast update from the National Association of Realtors. In NAR's recently released fourth quarter Housing Opportunities and Market Experience (HOME)…
Read MoreHow do you summarize the 2016 real estate market in Rockland county in three words or less? On the Move! My prediction for 2017 is that Rockland County’s residential market will continue to keep on moving. We have seen very strong indicators of a growing market and we have posted some of the strongest numbers…
Read MoreSCARSDALE—Keller Williams Realty Group Market Center recently hosted its annual Masquerade Ball, which raised more than $10,000 for the Tuckahoe Senior Citizens Center. “We believe in supporting the community where we live and work,” said Jamal Hadi, operating principal of Keller Williams Realty Group. “It’s our way of saying thank you to our friends, neighbors…
Read MoreWHITE PLAINS—More than 100 residents and guests of The Residences at The Ritz-Carlton, Westchester were on hand for a special “Diamonds & Champagne” reception to kick off the holiday season in style. Attendees of the recent event savored Dom Perignon Champagne from Zachys Wine & Liquor of Scarsdale while perusing the magnificent diamond and gem…
Read MoreNEW YORK—Attorney General Eric T. Schneiderman, New York City Mayor Bill de Blasio and Governor Andrew M. Cuomo recently announced that the New York City Department of Housing Preservation and Development issued letters notifying owners of 178 residential buildings—with a total of 1,400 rental apartments—that their 421-a tax benefits will be revoked retroactively if they…
Read MoreLegoland Project Awarded $3 Million ALBANY—The Mid-Hudson Valley region came out the big winner in this year’s Consolidated Funding Awards, netting $83.3 million in state aid that will support 105 economic development/infrastructure projects in the seven-county region. In an announcement on Dec. 9, Gov. Andrew Cuomo awarded a total of $716.9 million in CFA funding…
Read MoreNYACK—Ellis Sotheby’s International Realty agents and staff recently participated in a tour of the Sotheby’s Auction House American Art Sale in New York City. The Nov. 20 tour was a prize auctioned during an Oct. 15 benefit co-sponsored by Ellis Sotheby’s International Realty and the Edward Hopper House in Nyack to support local arts education.…
Read MoreJoAnne Murray, president of the Allan M. Block Agency, Inc. in Tarrytown, had no idea that she was going to be honored as the HGAR “Affiliate Member of the Year” at the Annual Meeting and Member Appreciation Day in October. “When I heard my name called, I was so shocked that I just sat there…
Read MoreWASHINGTON—Suburban housing markets across the United States are evolving rapidly and overall remain well-positioned to maintain their relevance in the years ahead as the places where most Americans live and work, even as many urban cores and downtown neighborhoods continue to attract new residents and businesses, according to a new publication from the Urban Land…
Read MoreNEW ROCHELLE—A groundbreaking was staged at the long-shuttered Loew’s Theater in New Rochelle on Nov. 30 for a much-anticipated $120-million mixed-use high-rise tower. However, while definitely cause for celebration, city officials and the developer say the event was just the first of what they expect will be a host of new commercial developments that will…
Read MoreWEST NYACK—Tiera Rice, 27, has joined the growing number of Hudson Valley real estate professionals who are also authors. The West Nyack Realtor, who works with R2M Realty Inc. in Nyack, just finished her first novel, “Awakening” the Bloodline Series, Book 1. It’s a fictional story about a subject that is far removed from real…
Read MoreALBANY—Home sales in October posted strong gains both in New York State and nationally. The New York State Association of Realtors reported on Nov. 22 that home sales in the Empire State reached the second highest October monthly total on record. Home sales in the Empire State dipped slightly from one year ago, but still…
Read MoreYONKERS—Ginsburg Development Companies recently joined with Yonkers Mayor Mike Spano along with other city officials and dignitaries to celebrate the “topping off” of River Tides at Greystone, a new 330-unit luxury rental building featuring resort-class amenities and spectacular views of the Hudson River and Palisades. The Nov. 2 event marked the completion of the final…
Read MoreDENVER—RE/MAX, LLC, announced that Sandy Jamison has been promoted to Director, Region Development, for the global real estate franchisor’s New York region. Jamison previously worked with the region as a Franchise Development Consultant. In her new managerial role, Jamison is tasked with building meaningful relationships with the numerous brokers in the New York region and…
Read MoreNEW ROCHELLE—Boston-based DSF Group has acquired the La Rochelle, a 412-unit, 25-story luxury apartment tower in New Rochelle, for $148.5 million. The deal was announced by Holliday Fenoglio Fowler, L.P., which marketed the property exclusively on behalf of the seller, 255 Huguenot Street, Corp. The DSF Group purchased the asset free and clear of existing…
Read MoreTARRYTOWN—William Raveis Legends Realty Group has acquired Hudson Homes Sotheby’s International Realty, increasing its presence in the key Rivertowns market of Tarrytown. William Raveis Legends is shifting its existing Tarrytown offices across the street to the larger Hudson Homes space at 38 Main St. The merger now brings the brokerage firm’s agent roster to more…
Read MoreWHITE PLAINS—The Hudson Gateway Association of Realtors reports that the National Association of Realtors has approved its proposed merger with the Manhattan Association of Realtors (MANAR). Richard Haggerty, CEO of the Hudson Gateway Association of Realtors, told Real Estate In-Depth that NAR approved the merger deal on Wednesday, Nov. 2. The merger, which becomes effective…
Read MoreISELIN, NJ—HomeBridge Financial Services, Inc., a national independent mortgage lender based here, announced on Nov. 1 the signing of a definitive agreement to purchase the operating assets of Prospect Mortgage, LLC from Prospect Holding Company, LLC. The asset purchase consists primarily of the loan production platform. As a result, HomeBridge will become one of the…
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