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Sweeping tenant protections for upstate signed into la...

Real estate developers are slamming a slew of tenant protections that passed the Legislature Friday, predicting the new laws will impede the Capital Region’s economic development. An omnibus package, signed into law by Gov. Andrew M. Cuomo, includes a number of statewide provisions, including making it more difficult to evict a tenant, restricting rent increases for mobile homes, and prohibiting landlords from charging excessive …

Blog, News Jun 17, 2019 0 Continue Reading

NFIP extended through September

The National Flood Insurance Program that millions of people rely on has gotten another temporary extension, as members of Congress renew efforts to work out a long-term proposal. The NFIP extension through the end of September was tucked into a $19 billion disaster aid package the U.S. House approved in a 354-58 vote Monday evening. It now heads to President Donald Trump, who is expected …

Blog, News Jun 04, 2019 0 Continue Reading

50 REALTOR Wins in 50 Years

In 2019, we are celebrating 50 years of RPAC. The REALTORS® Political Action Committee is the key to protecting and promoting the real estate industry. Below is a list of NAR government affairs accomplishments made possible by RPAC.   1970: Successively supported the Solid Waste Disposal Act and Clean Air Act amendments. 1971: Successfully included in the Banking Reform Act a prohibition against requiring …

Blog, News May 29, 2019 0 Continue Reading

Prices Continue to Rise

Buyers are beginning to return in full force this spring. The competition is fierce for well-priced homes in desirable locations. As prices continue to gain traction the median sales price in the Capital Region increased 5 percent to $214,946 with the percent of original list price received landing at about 95 percent. The median sale price for new construction increased 3 percent to $389,347, …

Biggest Challenges For Real Estate Firms Over Next 2 Y...

Keeping up with technology, facing increased competition from nontraditional market participants, and growing concerns over housing affordability are the top challenges that real estate firms say they’re increasingly alarmed about, according to the National Association of REALTORS®’ newly released 2019 Profile of Real Estate Firms. NAR’s report is based on a survey of more than 6,000 executives and senior management at real estate companies, …

Blog, News May 21, 2019 0 Continue Reading

Governor Cuomo Announces $22 Million to Support Revita...

Governor Andrew M. Cuomo today announced more than $22 million in state funding to support two transformational projects in Downtown Albany. Empire State Development will provide up to $15 million to Capitalize Albany to create a mixed-use neighborhood in Liberty Park, a site formerly selected as the location for Albany’s convention center. ESD will also provide up to $7.3 million to Capital District Transit …

Blog, News May 17, 2019 0 Continue Reading

Are You Getting What You’re Paying For?

By Joel Koval, NYSAR Regional Vice President As a member of the New York State Association of REALTORS® you get some great benefits. Are you taking full advantage of them? If you’re like me, you probably throw the mailing NYSAR sends to us every year into the “I’ll get to that later” pile. Before you know it it’s buried deeper than the tomb of …

Blog, News May 15, 2019 0 Continue Reading

Halfway Through The Year

By Jay Christiana, 2019 GCAR President It’s hard to believe it, but we are already halfway through the year. I hope you all have been as busy I have been. In March we saw a nearly 7 percent increase in pending sales over the previous year so many of you I’m sure are busy preparing to close on those transactions now. In between all …

Blog, News May 15, 2019 0 Continue Reading
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