Richard Haggerty, who has worked in various roles at the Hudson Gateway Association of Realtors and its predecessor organizations for nearly four decades, will go down in the annals of HGAR’s storied history as the leader who guided it to become a major real estate organization in the New York metro region. In his 10-year…
Read MoreWASHINGTON—Existing-home sales declined for the tenth month in a row in November, according to the National Association of Realtors. All four major U.S. regions recorded month-over-month and year-over-year declines. Total existing-home sales, completed transactions that include single-family homes, townhomes, condominiums and co-ops, waned 7.7% from October to a seasonally adjusted annual rate of 4.09 million…
Read MoreMONTGOMERY—Locally-based residential real estate brokerage firm Curasi Realty, Inc. has announced the establishment of its specialized commercial division. A team of Curasi Realty professionals recently became certified in commercial real estate, prompting the launch of the company’s commercial division. Those Realtors all completed the Commercial and Investment Real Estate (CIRE) certification. “We congratulate these professionals…
Read MoreWASHINGTON—What seems evident from the forecasts from a host of noted real estate experts and economists, including National Association of Realtors Chief Economist Lawrence Yun, 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. While some differ on whether…
Read MoreSTONY POINT— Fifty years ago, Patsy Duncan and late husband Fred set up shop in Rockland County’s Stony Point as a boutique Realtor and has since become a cornerstone of the local real estate scene. Now, Patsy Duncan has decided the time is ripe for a vigorous new stage of growth and has affiliated with…
Read MoreEntering 2022, Realtors interviewed by Real Estate In-Depth were hopeful that the housing market would remain strong as a follow-up to the feverish sales pace of the previous year, fueled by strong housing demand and the continued influences of the coronavirus pandemic. However, they were fearful that rising interest rates would take their toll on…
Read MoreFARMINGDALE—The latest home sales statistics from OneKey MLS clearly indicates that higher mortgage interest rates and inflation are taking their toll on what was a robust sales market earlier this year. OneKey MLS, the largest MLS in New York, which aggregates the real estate transactional data from nine counties making up the regional MLS coverage…
Read MoreRYE BROOK—Houlihan Lawrence announced on Dec. 14 it had partnered with TurnKey Realty Group and opened a new office location in Eastchester. Centrally located at 419 White Plains Road, the Eastchester office will be home to The TurnKey Team at Houlihan Lawrence. TurnKey was founded by Anthony Saraco, Jr., who has more than 28 years…
Read MoreReal 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?…
Read MoreIn 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…
Read MoreWASHINGTON—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…
Read MoreGOSHEN—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…
Read MoreSEATTLE—Mortgage rates will take center stage in 2023, with high rates likely to make it the slowest housing-market year since 2011, according to annual end-of-year predictions from tech real estate brokerage Redfin (redfin.com). The following are the dozen Redfin predictions for the housing market in 2023. Prediction #1: Home sales will fall to their lowest…
Read MoreMADISON, 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…
Read MorePOUGHKEEPSIE—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…
Read MoreNEW 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…
Read MoreSANTA 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…
Read MoreWASHINGTON—The Federal Housing Finance Agency announced on Nov. 29 increases to the conforming loan limit values for mortgages to be acquired by Fannie Mae and Freddie Mac in 2023. In most of the United States, the 2023 CLL value for one-unit properties will be $726,200, an increase of $79,000 from $647,200 in 2022. For high-cost…
Read MoreSLEEPY 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,…
Read MoreYORKTOWN—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…
Read More