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 perked up a bit last month, as buyers continued to shake off the impact of superstorm Sandy.
Nassau County saw a small uptick in home prices and sales compared to the previous February, according to a report released Thursday by the Multiple Listing Service of Long Island.
In Suffolk County, the number of sales fell year-over-year and prices remained stagnant....Read more »
Long Island’s housing market got a boost last month, with sales and prices on the rise in Nassau and Suffolk counties.
The median price of a home in Nassau County was $400,000, up 3.8 percent compared to the previous January, the Multiple Listing Service of Long Island reported Tuesday. The number of sales rose by 0.8 percent year-over-year, to 635.
In Suffolk County, the past month’s...Read more »
Home prices ticked up in Nassau County last month even as they fell slightly in Suffolk County, according to a new report from the Multiple Listing Service of Long Island.
The median home in Nassau sold for $417,000, an increase of 1.5 percent compared to last September, the service reported. The median home price in Suffolk County fell to $310,000, a year-over-year drop of 1.4 percent.
Sales...Read more »
Most mortgage interest rates hit their lowest-ever levels this week, Freddie Mac reports.
All mortgage products except the five-year adjustable rate mortgage averaged record lows, according to the agency’s weekly survey.
The average rate for a 30-year fixed-rate home loan was 3.4 percent with an average 0.6 point, down from 3.49 last week and 3.01 at this time last year. The 15-year...Read more »
More Long Islanders were “underwater” on their mortgages this spring than the previous spring, CoreLogic reported Wednesday.
In Nassau and Suffolk counties, 48,546 homeowners owed more on their mortgages than their homes were worth during the second quarter. That added up to 9 percent of all homeowners with mortgages, compared to 8.4 percent during the second quarter of 2011, according to...Read more »
Mortgage interest rates showed little movement compared to last week, according to Freddie Mac. The average rate for a 30-year fixed-rate home was 3.55 percent with an average 0.7 point, a modest decline from last week’s average of 3.59 percent. A year ago, the average was 4.12 percent.
For the 15-year fixed-rate mortgage, a popular option for refinancing, the average held steady at 2.86 percent...Read more »
Homes sales prices on Long Island and Queens rose by 2.8 percent last month compared to July 2011, according to a new report by the Multiple Listing Service of Long Island.
The median home price was $370,000 in July, up from $360,000 a year earlier and the highest reported closed median home price for Long Island since August 2010, the service reported Friday. The median home price in Nassau...Read more »
When taking the plunge into the foreclosure market, the first challenge is finding bank-owned properties that are for sale. Here are some ways to find these deals.
1. Bank websites. Lenders such as Bank of America and Chase post listings, but these can be limited.
2. Local Realtors. Real estate agents can access the Multiple Listing Service of Long Island for foreclosed properties. There...Read more »