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Zohran Mamdani to Move into Gracie Mansion, Official Residence for NYC’s Mayor

Zohran Mamdani to Move into Gracie Mansion, Official Residence for NYC’s Mayor

by Phil Hall | Dec 8, 2025 | News/Current Events, Real Estate News, WRE News Exclusive

New York City Mayor-elect Zohran Mamdani and his wife, Rama, will take up residence in Gracie Mansion, the official residence for the mayor, after he is sworn into office on New Year’s Day. According to combined media reports, Mamdani will be trading in his...
Pre-Leasing Begins on Greystar’s New Denver High-Rise Community

Pre-Leasing Begins on Greystar’s New Denver High-Rise Community

by Phil Hall | Dec 8, 2025 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Greystar has begun pre-leasing at The Parson, a high-rise apartment community in Denver’s Golden Triangle neighborhood. The Parson will offer 309 luxury residences and include a mix of 21 studios, 161 one-bedrooms, 95 two-bedrooms, 9 three-bedrooms, and 23...
Report: Average Buyer’s Agent Commission Up Slightly Since New NAR Rules

Report: Average Buyer’s Agent Commission Up Slightly Since New NAR Rules

by Phil Hall | Dec 8, 2025 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The average buyer’s agent commission during the third quarter was 2.42%, up from 2.36% one year earlier, while commissions were virtually flat compared to the previous quarter. According to a new data report from Redfin, commissions are at roughly the same level they...
New York State Raises Property Tax Exemption for Seniors to 65%

New York State Raises Property Tax Exemption for Seniors to 65%

by Phil Hall | Dec 8, 2025 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

New York Gov. Kathy Hochul has signed a bill into law that allows localities to provide seniors with up to a 65% property tax exemption. Legislation S5175A/A3698A replaces the previous 50% maximum percentage of exemption local governments have been able to offer...
Report: Refinance Retention at 3.5-Year High

Report: Refinance Retention at 3.5-Year High

by Phil Hall | Dec 8, 2025 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Refinance retention reached a 3.5-year high (28%) during the third quarter with servicers retaining more than half of borrowers refinancing out of 2024 vintage loans, according to the newly published December 2025 ICE Mortgage Monitor Report. Rate-and-term retention...
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