Rise in foreclosures to keep LI home prices low

A rising tide of foreclosures on Long Island

advertisement | advertise on newsday

A rising tide of foreclosures on Long Island could last for several years, delaying a recovery in housing prices, experts on the housing market say. (Credit: iStock)

A rising tide of foreclosures on Long Island could last for several years, delaying a recovery in housing prices, experts on the housing market say. In each of the last two quarters, the median home price on Long Island hasn't budged from a year earlier, according to appraiser Miller Samuel and the brokerage Prudential Douglas Elliman, both in Manhattan. The price in the third quarter was $365,000,...

Continue Reading

Already a Newsday or Optimum customer ?

Get unlimited digital access $1 for 4 Weeks

$0.99/Week Thereafter

Get the Biz Briefing newsletter!

The latest LI business news in your inbox daily.

Comments

Newsday.com now uses Facebook for our comment boards. Please read our guidelines and connect your Facebook account to comment.