<p>Rising mortgage rates were&nbsp;a key factor in Long Island home prices falling&nbsp;from record highs in September. Newsday real estate reporter Jonathan LaMantia has more.</p>


Real Estate

bzHOME261015_video

LI home prices fall in September from record highs

onecms:edfd5190-af3f-4d72-a191-b2f9e3a3faa0

Newsday

'Putting a lot of pressure on buyers'

bzHOME261015_photos

Sign up for the Real Estate newsletter

Real Estate Newsletter Promo

Most Popular

Latest Videos

Latest videos

Islandia village officials have cleared the path to build a mixed-use development with hundreds of housing units and 50 hotel rooms on 13 acres of vacant land near Jake's 58 casino. NewsdayTV's Virginia Huie reports.

Two 5-story buildings to occupy site

Steel beams from the World Trade Center have become memorials to those who were lost in the Sept. 11, 2001, terrorist attacks and can now be found scattered throughout Long Island. NewsdayTV's Ken Buffa reports.

'It's a beautiful testament'

For many of the approximately 100,000 Muslims living on Long Island, the deadliest terrorist act committed on U.S. soil — carried out by 19 al-Qaida hijackers — pointed an unwelcome spotlight at them. NewsdayTV's Andrew Ehinger reports.

'Hoping things will be different for my kids and my grandkids'

NewsdayTV's Shari Einhorn looks at how Long Island schools are using first-person memories and immersive experiences to teach about 9/11, 25 years later.

'History's a living, breathing thing'

Mohammad Salman Hamdani, a Muslim 23-year-old NYPD cadet and paramedic living in Queens, was the subject of a police wanted poster until his remains were found at Ground Zero. NewsdayTV's Andrew Ehinger has more.

'It's about my son, Salman, his sacrifice'

Business Article Bottom Module

Asian shares are falling sharply with markets in South Korea and Japan sinking as a sell-off of technology shares deepens.

A deepened tech sell-off drags Asian stocks lower as markets in South Korea and Japan sink

Customers were advised that any digital orders placed and unfulfilled would be refunded.

Stop & Shop's website, app offline, company says

Starting in January, retirement beneficiaries will see an average increase of $75 per month, the Social Security Administration said.

Boost in Social Security benefits set for 2027 won't keep up with inflation, LI experts say

The company said it had contacted customers who purchased the recalled product and would issue refunds after confirming product disposal.

Amazon brand acetaminophen recalled over discoloration, company says

The newly built industrial facility in the Long Island Innovation Park at Hauppauge was sold to a global asset management business.

LI industrial facility sells for $58.25M

The 401(k) choice many don't know they're making

BUSINESS & REAL ESTATE

Business-Real Estate videos

Rising mortgage rates were a key factor in Long Island home prices falling from record highs in September. Newsday real estate reporter Jonathan LaMantia has more.

Home prices on the North Fork have risen to an all-time high of $1.25M as prices in the Hamptons have fallen. Newsday's Jonathan LaMantia explains.

Home prices on the rise on the North Fork

The parking shortage at Jake's 58 Casino Hotel has been a common complaint. Now, the site is set to get an additional 800 parking spaces. NewsdayTV's Virginia Huie reports.

'When it gets late, you can't find a spot'

Starting in January, all SUNY and CUNY Reconnect programs will be open to adults ages 25 to 55, even if they already have college degrees. Newsday education reporter Maura McDermott explains.

'Things change in life'

Nearly $1.2 billion in unclaimed funds is available across more than 5 million accounts on Long Island, according to the state comptroller's office. NewsdayTV's Andrew Ehinger reports.

$1.2B available across 5 million accounts on LI

Some Long Island seniors say they've had to cut back on buying meat, travel and eating out. Newsday business reporter Celia Young has more.

More than 30,000 LI seniors live in poverty

The verdict is the second $5.5 million judgment against Townhouse Center for Rehabilitation and Nursing this year.

'This has to stop'

Long Island is seeing an uptick in trade school enrollment amid growing concern from young adults about job insecurity, financial prospects and the impacts of artificial intelligence on the job market. NewsdayTV's Izzy Mignardi reports.

'You're gonna have consistency'

Changes at the Lake Grove property will include new tenants, such as LongHorn Steakhouse and Coach. Newsday business reporter Tory Parrish has more.

New plaza, stores, games, 'park-like' setting coming to Smith Haven Mall

As the busy fall harvest season arrives, Long Island farmers are hoping good crops, nice weather and lots of customers will help offset their soaring fuel costs. NewsdayTV's Doug Geed has more.

'More than doubled since last year'

Business Video Playlist

They cook, build, care for seniors and run businesses. What happens when these workers disappear? NewsdayTV's Shari Einhorn reports.

'We can expect negative repercussions'

Affordability concerns on Long Island leave some residents wondering if it's worth staying. NewsdayTV's Ken Buffa and Newsday business reporter Brianne Ledda have more.

'Yes, I would leave'

ScieGen Pharmaceuticals wants to build a 60,000-square-foot factory and warehouse in Hauppauge to meet consumer demand. NewsdayTV's Virginia Huie reports.

'Very important for us'

Housing advocates and local officials were set to break ground on Thursday on a building with 52 affordable apartments slated to replace blighted commercial buildings on Port Jefferson's Main Street. NewsdayTV's Andrew Ehinger reports.

Port Jefferson entering new phase of revitalization

Bonsai tree-making classes, trivia nights, mocktails and private events are among the ways local venues are trying to draw customers. Newsday business reporter Tory Parrish has more.

'We have a lot of different things going on'

Some East End businesses already house workers priced out of the area. Now East Hampton is weighing rules that could expand the model — and the debate over tying housing to a job. NewsdayTV's Andrew Ehinger reports.

'It's something I felt we had to do'

If the deal goes through, Giunta's Meat Farms will also acquire four Wild by Nature natural food stores. NewsdayTV's Ken Buffa reports.

Giunta's Meat Farms acquiring 24 King Kullen stores

Fake listings, bogus fees and stolen data target renters squeezed by Long Island's high housing costs. NewsdayTV's Virginia Huie reports.

'It's been a nightmare'

The price of childcare can be prohibitive for many Long Island parents. NewsdayTV's Andrew Ehinger reports along with NewsdayTV's Ken Buffa, Newsday business reporter Victor Ocasio and daycare owner Janna Rodriguez.

'Probably as much as rent or mortgage'

The overall inflation rate for the Long Island area is now 5.1%, up from 3.4% in May 2025. Newsday business reporter James T. Madore has more.

'Long Islanders are feeling the pain'

Real Estate - megaslot

Long Island real estate news, recent home sales prices and advice for home buyers, sellers and renters. Plus, Long Island neighborhood profiles.

Stay logged in.