

<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The 1989 law is &quot;an increasingly outdated barrier to homeownership,&rdquo; critics say.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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The Jennifer Schaefer Child Support Room was unveiled at the R.J. Zuckerberg Cancer Center in Lake Success. It's a dedicated space named for Islanders defenseman Matthew Schaefer's mother, who died in February 2024 following a two-year fight with breast cancer.

Child support room named for mom of Isles' Schaefer opens

Authorities across Long Island have cracked down on the booming illegal sex trade at foot spas, Islip Town officials have raided only three foot spas – two of them shortly after reporters began asking questions. Newsday investigative reporter Sandra Peddie and NewsdayTV's Shari Einhorn have more.

Islip Town Supervisor takes little action on spas after allegations of illicit sex

Nassau and Suffolk counties have implemented a combined $57 million in technology upgrades to streamline the voting process.

'It has really great features'

A college's sticker price doesn't tell the full story of what the average student pays after financial aid and scholarships. See how more than 150 NY colleges compare. NewsdayTV's Shari Einhorn reports.

'Tuition is a lot'

The Town of Oyster Bay and Northrop Grumman are locked in a dispute over the extent of the plan to clean up Bethpage Community Park. NewsdayTV's Virginia Huie reports.

'No reason for us to believe any area is safe unless tested'

Business Article Bottom Module

U.S. stocks are mixed, as AI chip companies fall again while AppLovin and Tapestry rally after reporting stronger profits than analysts expected.

AI stocks keep falling, as oil prices and bond yields steady following their post-election slides

President Donald Trump was publicly humbled by inflation in the midterm elections, as public anger over rising prices caused a blistering set of losses for Republicans.

Republicans were punished in the midterms for Trump's economic policies, The AP Voter Poll shows

The Bank of England is raising interest rates for the first time in more than three years in an effort to tackle an inflation shock stoked by the Iran war.

BoE hikes rate for first time in 3 years; retreating oil prices may allow for more options ahead

Wendy's rejected a $1.4 billion buyout offer from an activist investor, saying Thursday that the bid was too low.

Wendy's rejects buyout bid from activist investor and adopts 'poison pill' plan

Unless Congress acts, a projected 2032 funding shortfall could trigger a 22% reduction in Social Security retirement benefits.

What a projected Social Security shortfall in 2032 could cost LI retirees

Fewer Americans applied for unemployment benefits last week as layoffs remain scarce and most workers enjoy job security.

Unemployment claims drop to 189,000, the fewest since mid-July

BUSINESS & REAL ESTATE

Business-Real Estate videos

The cost of living on Long Island is causing some Gen Zers to live at home with their parents. Newsday real estate reporter Rachel Weiss was more.

Cost of living keeps Gen Z at home with parents

Liberty Water has applied to raise rates in three of the areas it serves on Long Island. NewsdayTV's Andrew Ehinger reports.

'Right now, we don't have any other choice'

Workers found by using IRS data and then deported would be illegal and also mean less tax revenue coming into the Social Security system, advocates say. Newsday immigration reporter Bart Jones has more.

'They pay tens of billions of dollars into Social Security'

Some critics question whether for-profit developers who build market-rate rentals should get tax assistance offered by local agencies. NewsdayTV's Pat Dolan reports.

'Why are we giving them more than they're giving us?'

Joel Rifkin was convicted of murdering 17 women decades ago and authorities say some of the victims were killed in that house. NewsdayTV's Ken Buffa has more.

Serial killer's LI home sells

Higher diesel costs, big-box competition and rainy weather are squeezing pumpkin farms as they look for new ways to draw customers. Newsday business reporter Tory Parrish has more.

'I think you're making a small investment for memories'

Officials and residents weigh in on Long Island MacArthur Airport ranking as the best small airport in America.

'I totally think it's the best airport in America'

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.

'Putting a lot of pressure on buyers'

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'

Business Video Playlist

More than 10 Medicare Advantage plans are leaving Nassau and Suffolk counties, according to Plan Medicare founder Brian Krantz. NewsdayTV's Matt Hooke explains what you need to know.

LI seniors looking for insurance as Medicare Advantage plans to leave area

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

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

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

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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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