

<p>The 1989 law is &quot;an increasingly outdated barrier to homeownership,&rdquo; critics say. Newsday Real Estate reporter Rachel Weiss has more.&nbsp;</p>


Real Estate

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LI groups to NYS: Rethink $1M threshold for 1989 mansion tax

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Newsday

'1 in 4 homes sold on LI so far this year'

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A new report finds more than 36% of Suffolk schools and nearly 34% of Nassau schools had tests above state lead standards.

Report finds many LI schools have lead in water fixtures

A renovated Belmont Park unveils new amenities on Friday, as it reopens after more than three years and $550 million in renovations, NewsdayTV's Andrew Ehinger reports.

'Something for everyone': New grandstand, new grounds

A Human Rights Commission finds Suffolk cops failed to use body cameras properly 179 times in 2025-26. Newsday reporter Michael O'Keeffe explains.

'They all agree body cameras are good'

The victim's identity has not yet been released. NewsdayTV's Ken Buffa reports.

Homicide probe launched in Nassau

Residents say deer have been spotted in backyards and local streets as a result of the uptick in population. NewsdayTV's Shari Einhorn has more.

'There are just too many'

Business Article Bottom Module

A new lawsuit claims that Anthropic, OpenAI, SpaceXAI and Google illegally agreed to slow their AI development.

Lawsuit says Anthropic, OpenAI, SpaceXAI and Google made illegal agreement on AI slowdown

Promotions, hires and new jobs for Long Islanders

People on the Move: See who's been promoted on LI

Wall Street will get a key update this week on the U.S. housing market, along with an unemployment update.

Wall Street week ahead: housing market, unemployment updates

America is the land of possibility and the land of cockamamie schemes.

One thing that hasn't changed in 250 years: Americans' willingness to get suckered

The Federal Reserve raised its benchmark interest rate Wednesday for the first time since 2023 in an effort to quell stubbornly high inflation, and the central bank signaled another rate hike could occur later this year.

America In Focus: Affordability concerns rise as Fed hikes key rate, mortgage rate reaches nearly 7%

It's not hard to explain why business is booming for telehealth companies.

Telehealth companies keep exposing their customers' medical data. What should they do?

BUSINESS & REAL ESTATE

Business-Real Estate videos

As fixed-rate mortgages approach 7%, the highest level since 2007, Long Island homebuyers are also contending with low inventory and high prices. NewsdayTV's Andrew Ehinger reports.

High mortgage rates, low inventory, high prices

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'

Long Island is the strongest seller's market in the country as limited inventory drives up home prices, according to a new study. NewsdayTV's Virginia Huie reports.

LI bucking the national trend

New York State is mailing out energy rebate checks between $100 and $200 to taxpayers who qualitify. NewsdayTV's Virginia Huie reports.

'A check is always nice. A little more would be nicer.'

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'

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'

The plant-eating pests are raising concerns among farmers and winemakers. Newsday reporter Mark Harrington spoke about some potential upcoming solutions.

Spotted lanternflies on the rise

Construction is in full swing at The Lisle, a 189-apartment building from the Hicksville LIRR station. Tenants who meet income requirements for 19 units will be selected by lottery. NewsdayTV's Virginia Huie reports.

19 apartments at discounted rents

Long Island public housing authorities have some of the lengthiest average waits in the country for the subsidized units, a Newsday data analysis shows. NewsdayTV's Doug Geed and Newsday investigative reporter Joshua Solomon have more.

'8, 9 years to get off the waitlist'

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

Business Video Playlist

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'

Recently passed state auto insurance reforms could help lower car insurance rates as much as 10% for New York drivers, according to some estimates. NewsdayTV's Virginia Huie reports.

'If it ain't now, it ain't happening. It's a dream.'

If approved, it would be the first new hospital on Long Island since 1980. Newsday business reporter James T. Madore has more.

'There are steps still to go'

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

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