Buying and selling real estate in the communities of Long Island
BloggersValerie Kellogg Kristin Lavin Taveira Maura McDermott Lisa Doll Bruno
Maura McDermott writes about residential and commercial real estate at Newsday. Before coming to Newsday, she was a staff writer for five years at The Star-Ledger of Newark, N.J., where her most recent beat – redevelopment – included the Prudential Center hockey arena in downtown Newark, the new Giants and Jets stadium and a $2 billion megamall under construction at the Meadowlands. She has covered mutual fund governance for a Financial Times-owned publication, crime for the Herald News of Passaic County, N.J., and education for The Riverdale Press in the Bronx, where she also served as managing editor. She is a graduate of Swarthmore College and the Columbia University Graduate School of Journalism.
Born and raised in Brooklyn, she lives with her husband, son and daughter in Queens, in an apartment overlooking the garden where her husband grows organic tomatoes, eggplants, peppers and lots and lots (and lots) of squash.
Long Island homes are not attracting much interest from the institutional investors that are snapping up thousands of properties in other regions.
In Suffolk County, home purchases by institutional investors -- that is, those buying 10 or more homes in a year -- made up 1.78 percent of the residential real estate market from 2011 through 2013, according to a report released Wednesday by RealtyTrac....Read more »
Nassau County’s housing market is on the rise, more than a year after superstorm Sandy devastated the region.
Homes in Nassau fetched a median price of $430,000 in January, up 7.5 percent from a year earlier, according to a report Friday by the Multiple Listing Service of Long Island.
Suffolk’s real estate market, which wasn’t hit as hard by Sandy, did not show the same strength. There,...Read more »