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Category Archives: News

COVID 19 Updates

At the state level, NYSAR is working with the Governor’s Office on relief for REALTORS® NYSAR’s government affairs division has been in constant contact with the Governor’s Office and has submitted letters to the Empire State Development Council with the following two requests: Certain licensed activities by real estate licensees be considered essential. Provision of clarity on the continuation of the real estate closing …

Blog, News Mar 13, 2020 0 Continue Reading

Housing Stability and Tenant Protection Act of 2019

On June 14, 2019, the Governor enacted sweeping legislation expanding certain rent provisions statewide and altering the relationship between landlords and tenants in residential real estate. The Emergency Tenant Protection Act of 1974 (“Act”) was expanded as part of this sweeping legislation. This Act established the system of rent stabilization and regulated rent as seen in New York City, and could be expanded to …

Blog, News Mar 11, 2020 0 Continue Reading

Home Sales are on the Rise in January

In the Capital Region, pending sales increased 6.4 percent from January 2019 to 844 for the month. Closed sales increased 9 percent from January 2019 to 809 for the month; a nice surprise for what is usually the slowest month of the year. According to Freddie Mac, the low mortgage rate environment continues to spur home buying activity, with applications to purchase a home …

MLS Clear Cooperation Policy

The Board of Directors for the National Association of REALTORS® voted and approved the following policy to be adopted by all REALTOR MLS’s (which includes Global MLS) by May 1, 2020. Section 1.01 – Clear Cooperation Within one (1) business day of marketing a property to the public, the listing broker must submit the listing to the MLS for cooperation with other MLS participants. …

Blog, News Jan 14, 2020 0 Continue Reading

2019 Good Neighbor Award Recipient

GCAR has named one local real estate professional as the 2019 Good Neighbor Award winner spotlighting the practitioner’s impact on their community through volunteer work. This marks the association’s first year celebrating the Good Neighbor Award. The winner, who was selected by a panel of GCAR past presidents, will receive a $3,000 grant for their charity. The award winner will be honored at the …

Blog, News Nov 22, 2019 0 Continue Reading

Home Prices Up, Inventory Down

At this point in the year, there is a good sense for how the housing market is likely to perform for the foreseeable future. While it remains true that sales prices are running higher and inventory options are still relatively low, buyers are beginning to find some wiggle room at price points and geographies throughout the region and in points north and south. Housing …

NAR Moves to Dismiss Moehrl Suit

Filing demonstrates lawsuit misrepresents facts, ignores legal precedent, and fails to prove legal harm. Two recently filed class-action antitrust lawsuits against the National Association of REALTORS® (NAR) and several major real estate franchisors allege falsely that consumers have no ability to negotiate commissions with real estate professionals, says Katie Johnson, NAR’s general counsel and chief member experience officer. In Moerhl v. National Association of …

Blog, News Jul 08, 2019 0 Continue Reading

STAR Rebates Just Got Easier

The state tax department said it will automatically issue STAR checks to homeowners who earn between $250,000 and $500,000 instead of requiring them to register with the state. A law this year no longer provides the lucrative school-tax break as upfront savings on homeowners’ bills who are in $250,000 to $500,000 income bracket. Instead, they will receive a check in the mail this fall, …

Blog, News Jul 08, 2019 0 Continue Reading