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September Legislative Update

Albany County Fire Sprinkler Mandate Update In late July, the Albany County Legislature decided to temporarily hold off on advancing a proposal (Local Law “I”) to mandate the installation of fire sprinklers in all new residential construction in the county. The Audit and Finance Committee held the bill in committee without a vote and requested that the bill sponsor provide more information on the …

Blog Sep 18, 2018 0 Continue Reading

September RVP Report

A message from your NYSAR Regional Vice President, Cathy Griffin It’s hard to believe that the summer is already over! As your NYSAR Capital Region Vice President, I was happy to sponsor a networking event with GCAR’s leadership and the NYSAR leadership including President CJ DelVecchio and President-Elect Moses Seuram. We met at the new Thatcher Park Learning Center. It’s an amazing facility and …

Capital Region Pending Sales Continue to Climb

Across the Capital Region pending sales increased 18 percent above July 2017 to 1,247 for the month. With a year over year increase of 7.5 and 4 percent respectively, 1,161 closings and 1,728 new listings, buyers and sellers were active and local REALTORS® were busy. Prices rode the wave increasing by 5 percent compared to last year at this time. The region’s median sales …

The Code of Ethics & Respect!

A message from your president, Susan Sommers Armed with the heavy knowledge of the recent passing of the Queen of Soul, Aretha Franklin, my husband and I attended a phenomenal blues show in Norwich, NY. The Chenango County Blues Festival featured many artists who performed tributes to her during their time on stage. Her impact on these musicians and so many Americans had been …

Blog Sep 17, 2018 0 Continue Reading

Buyers Get Serious – Sellers Get Busy

Buyers and sellers are at the height of the real estate season and the pressure on inventory continues. Sales were down compared to last year, which continues to have more to do with available inventory than buyer demand. Pending sales increased 5 percent from June 2017 to 1,285 for the month. Closed sales decreased 14 percent from June 2017 to 1,135 for the month. …

Warm Weather Creates a Hot Market

Throughout the Capital Region, home buyers are experiencing the sunshine and a competitive housing market that is projected to continue throughout the summer. The economic outlook is bright as regional unemployment remains low due to continued growth and expansion in local business communities. Buyers are watching new listings closely and making sound offers quickly. Percent of Original List Price Received at Sale rose to …

Strengthening Economy Expected to Push Home Sales and ...

The Greater Capital Association of REALTORS® leadership traveled to Washington, DC last week to attend the National Association of REALTORS® Legislative meetings and meet with New York elected representatives, Paul Tonko, John Faso, Kirsten Gillibrand and Chuck Schumer on homeownership issues and concerns. Across the nation, markets report overall that a stronger economy, wage growth, and an improving job market are expected to push …

March Stats

Capital Region Housing Starts Get Started!

PRESS RELEASE For immediate release For additional information contact: Laura Burns/Executive Officer Greater Capital Association of REALTORS® Ph: (518) 464-0191 Residential real estate activity has been relatively slow in the first quarter of 2018, yet housing is proving its resiliency in a consistently improving economy. While a majority of the country continues to experience reductions in closed sales and inventory compared to last year …

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