Central New York Housing News

National Flood Insurance Program (NFIP) is set to expire on September 30th without Congressional action.

During the past month, there has been a lot of activity on Capitol Hill surrounding the reauthorization of the NFIP. NAR has been actively engaged in trying to shape various pieces of legislation in accordance with NAR’s flood insurance policy principles (link is external).

Lake Ontario Flood Recovery

To expedite repairs and the construction of shoreline stabilization projects, Governor Cuomo declared a disaster emergency on May 2, 2017 in counties impacted by spring flooding along the Lake Ontario Coastline: Cayuga, Jefferson, Monroe, Niagara, Orleans, Oswego, St. Lawrence, and Wayne.

Are you advertising your properties on social media sites? If so, read this!

NYSAR's most recent NYS REALTOR publication featured an article about the do's and don'ts of advertising your properties on social media sites. A must read for all REALTORS! 

See PDF below to read the article

NYSAR Government Affairs Weekly Update

NYSAR Government Affairs Weekly Update: NY First Home included in NYS Senate and IDC budget plans, Senate passes the NY First Home bill through the Housing Committee, Legislature seeks to return STAR benefit to the upfront credit vs. the rebate. See complete report here: http://www.nysar.com/government-affairs/weekly-report

Three New York State Housing Markets Top Affordability Charts

Buffalo-Cheektowaga-Niagara Falls, NY and Syracuse, NY both ranked in the top five afforadable major housing markets in the country according to the most recent National Association of Home Builders (NAHB)/Wells Fargo Housing Opprotunity Index (HOI). Binghamton, NY ranked in the top smaller housing markets. Click the link to learn more!

New York State Housing Market Sets Sales Record in 2016

Rising 10 percent above last year's housing market, closed sales of residential properties set a new high-water mark of 130,486 in New York State during 2016, according to the annual housing market report released by the New York State Association of REALTORS®. The statewide median sales price also grew by 2.2 percent in 2016 to reach $235,000. Learn more here.

FIVE STEPS TO PREPARE FOR THE EXTREME COLD

Experts are calling for freezing temperatures over the next few days. To help prevent burst pipes as well as prepare yourself for an emergency, we have provided the following tips for your convenience.

 

Are you registered to vote?

REMINDER: Voter registration deadlines are approaching in NY. To vote in the General Election, you must be registered by October 14. See link to register today: http://www.elections.ny.gov/VotingRegister.html

GSAR President Speaks to CNY Community

Go to the following link to see GSAR's President, Dave Hanlon, appearance on Bridge Street!

http://www.localsyr.com/bridge-street/as-seen-on/helping-realtors-and-you

What's the "alphabet soup" after a REALTOR's name?

You may have noticed that some real estate agents have letters after their names.  Ever wonder what they mean?  Are they secret codes?  Are they of any importance to you as a buyer or seller?