Buying and selling real estate in the communities of Long Island
BloggersValerie Kellogg Kristin Lavin Taveira Maura McDermott Lisa Doll Bruno
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 »
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 »
The superwealthy appear to be losing their appetite for oversized Hamptons homes. At least that's what a report filed today by American Public Media would have you believe.
The piece centered on Jeffrey Colle, a high-end design builder in the Hamptons, who hypothesized that "conspicuous wealth" has fallen out of vogue. As a result, he tells APM's "Marketplace" that...Read more »
Another round of national exuberance on home prices managed to pass over Long Island. Real estate analytics firm CoreLogic indicated today that U.S. home prices skyrocketed 12.2 percent year-over-year in May 2012, the largest such increase since February 2006, and the 15th consecutive month of annual gains.
While these glowing national reports have become typical of late, a closer look at...Read more »
The foreclosure backlog that has played a major role in slowing Long Island's statistical home price recovery showed the first signs of easing last month, according to a report released June 13 by RealtyTrac.
Scheduled foreclosure auctions, which signal that a distressed property has completed New York's extremely lengthy foreclosure process, more than doubled in both Nassau and Suffolk counties,...Read more »