Field Updates

NAR 2023 President Kenny Parcell testified Wednesday about the Federal Housing Finance Agency's (FHFA) new loan level pricing adjustments (LLPA) fee increase on borrowers with fair to good credit profiles. 

Real estate licensees may not make any unsolicited phone calls to a member of the public during a State of Emergency.

Following NYSAR and REALTOR® Lobby Day advocacy efforts, legislation that would create an NYS first-time homebuyer savings account program

On May 10, following concerns expressed from NAR and other industry organizations, the FHFA announced that it has rescinded its proposed loan level pricing adjustment (LLPA) upfront fees

NYC Council Member Vicky Paladino is urging support for a bipartisan bill in the NYC Council (Int. 913) that would delay the implementation of Local Law 97, which was passed in 2019.

A record number of REALTORS® attended this year’s NYSAR Lobby Day in Albany on Tuesday, May 2, 2023.

Late Wednesday, state lawmakers approved a $229 billion state budget, nearly a month after the April 1 deadline.

Following passage of NYC Local Law 154 of 2021, the construction of certain new buildings in NYC will not be allowed to utilize fossil fuel burning systems.

REALTORS® are invited to attend virtually NYSAR’s Pre-Lobby Day Issues Briefing Live Zoom on Friday, April 28 at 11 AM.

Reporting has indicated that major housing policy is being removed from state budget negotiations as Gov. Kathy Hochul and state lawmakers have failed to come to an agreement

This week, NYSAR staff met with Sen. James Sanders’ office (D-Queens) to discuss advancing NYSAR-supported coop fairness and transparency legislation

Housing appears to have become the top budget issue being negotiated between Gov. Kathy Hochul and the state Legislature surpassing bail reform talks

Following NYSAR advocacy efforts, NYC Council Member Marjorie Velazquez has introduced a NYSAR-supported bill (Int. 1002) that would combat illegal discrimination

Legislation to impose “good cause” eviction, which would cap annual rent increases on non-owner-occupied apartments under 4 units to 3% or lower

Governor Kathy Hochul indicated she may issue a second budget extender as the initial budget extension deadline of April 10 approaches.

NAR recently announced the creation of the  Housing Solutions Coalition, which NAR is a founding member of.

Disagreements over changes to New York's controversial bail law and “good cause” eviction as well as how to expand housing in the state are fueling what is expected to result

New York has finalized a list of disadvantaged communities that are mandated to receive at least 35% of the total statewide spending on clean and energy efficiency programs

Gov. Kathy Hochul and state lawmakers appear to be aligned on new measures to phase out fossil fuel combustion equipment – furnaces, water heaters, dryers and stoves – in new homes

As policymakers continue to negotiate decarbonization in New York, they have so far declined to outline in detail the costs to individual households and ratepayers