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Cuomo signs 'zombie' property bill

Jun 24, 2016
Gov. Andrew Cuomo signed legislation on Thursday requiring banks and mortgage servicers to maintain foreclosed and abandoned properties, known as "zombie properties," to combat blight they cause in neighborhoods. The legislation included measures to assist homeowners facing foreclosure and establishes a consumer Bill of Rights for foreclosures. Read more about the bill here.
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NYS home sales post second-highest May total

Homebuyer activity remained strong in May, driving the New York State housing market to the second-highest sales total for the month with 10,348 closings. May 2018 closed sales were 8.6 percent lower than the record of 11,322 set in May 2017. The median sales price growth trend continued, increasing by 11.5 percent compared to last May, ending the month at $262,000. Click here to read more.