Buying and selling real estate in the communities of Long Island
BloggersValerie Kellogg Kristin Lavin Taveira Maura McDermott Lisa Doll Bruno
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 »
Modular apartment buildings just might be the next big real estate trend to hit the region. New York City’s first prefabricated building, the Stack, a 28-unit, six-story apartment building in the Inwood section, recently went up -- and now Nassau County has its first.
Village Lofts, a modular 29-unit residential rental complex on Front Street in Hempstead is slated for occupancy in early October.
The...Read more »
Have you successfully moved out of Mom and Dad's house and into your own apartment or house on Long Island?
Newsday is looking for 20-to-30 somethings who were living at home but are now renting or have purchased their own place for a fun story on how you did it.
You can be a single, couple or even a family. Email firstname.lastname@example.org or call her at 631-843-3608....Read more »
Long Island's supply of homes for sale is at its lowest level in at least two years, by one measure.
It would take just under five-and-a-half months to sell all 6,988 homes listed in Nassau County at the current pace of sales, according to a Newsday analysis of data supplied by the Multiple Listing Service of Long Island. In Suffolk County, it would take almost eight months to sell all 10,271...Read more »
Long Island home sales surged in July and prices ticked up, as the number of homes for sale continued to fall.
Nassau County saw a 23 percent year-over-year jump in the number of homes changing hands, with 1,174 homes closing last month, according to a report Wednesday by the Multiple Listing Service of Long Island. In Suffolk County, there were 1,221 home sales last month, a nearly 22 percent...Read more »
The cruelest month was kind to Long Island real estate as April year-over-year housing sales increased by 21.7 percent to 1,549, according to a report released Friday by the Multiple Listing Service of Long Island.
Nassau County gained the most sales, growing by 24 percent to 764 for completed sales. Pending sales increased to 1,123, a 14.4 percent rise. Suffolk County sales rose to 780 compared...Read more »