Buying and selling real estate in the communities of Long Island
BloggersValerie Kellogg Kristin Lavin Taveira Maura McDermott Lisa Doll Bruno
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 »
The sales price of luxury homes kept pace with the overall Long Island housing market at the end of last year, according to a new fourth quarter report by Douglas Elliman Real Estate.
In the luxury market -- which represents the top 10 percent of all transactions on the Island, excluding the East End, meaning a starting price of $755,000 -- the median sales price went up 3.3 percent, from...Read more »
Long Island home prices were nearly flat last month, despite an end-of-year uptick in sales activity. Nassau County homes sold for a median price of $407,000 in December, up 1.8 percent from the same period in 2012, according to a report released Monday by the Multiple Listing Service of Long Island. Home prices hit their lowest monthly level since June, when the median price was $425,000.
In...Read more »
The share of Long Islanders who owe more than their home's value has fallen, a new report shows. In Nassau and Suffolk counties, 42,539 homeowners -- 7.8 percent of those with outstanding mortgages -- were "underwater" on their loans in the July-through-September period, CoreLogic reported Tuesday.
That's down from the third quarter of 2012, when 49,949 of local homeowners -- or...Read more »
Long Island's housing market continued to make gains in November, as prices edged up and the number of home sales jumped.
While some of the improvement reflected Sandy's impact a year ago, brokers said the market is showing strength.
In Nassau County, 915 properties were sold last month, a surge of 43.6 percent from November last year, according to a report released Monday by Multiple...Read more »
Looking to buy a home on Long Island? You might need some professional help.
That’s the advice of the Community Development Corp. of Long Island, in light of a national survey finding that when people first consider buying a home, “friends and family” are the most common source of advice. The Centereach-based nonprofit is urging home buyers to consult with housing counselors in addition to...Read more »
Long Island’s housing market posted strong gains last month, with sales surging by 41 percent compared to a year earlier.
In Suffolk County, the median closed sale price was $331,145 in October, 5.1 percent higher than a year before, and 1,187 homes changed hands, a rise of more than 46 percent compared to a year earlier, according to a report released Thursday by the Multiple Listing Service...Read more »
It's been a year since superstorm Sandy hit the shores of Long Island, but it hasn't become any easier to quantify the long-term impact it's had on the local housing market.
In the short term, of course, there was a dire need for housing for those impacted by the storm, and the rental market caught fire. But many displaced Long Islanders have since found viable alternatives. At the same time,...Read more »
A Bohemia-based nonprofit has won $650,000 in federal grants to help overcome housing discrimination.
The Department of Housing and Urban Development awarded the two grants to Long Island Housing Services Inc. The funds will support the local group’s work to enforce the 1968 Fair Housing Act, according to a news release from the federal agency late last month before the government shutdown...Read more »
Long Island home buyers hurried to lock in low interest rates last month, giving the housing market a burst of activity.
Suffolk County saw a 22 percent year-over-year increase in transactions, with 1,071 homes changing hands in September, the Multiple Listing Service of Long Island reported Thursday. In Nassau County, 995 homes were sold last month, a 14.4 percent bump compared to a year...Read more »