Entering 2022, the consensus was clear: the spring housing market—Suffolk County real estate’s peak season—would fizzle out the frenzy we saw last year. After all, over 70% of home listings saw a bidding war in 2021—so how could the story get any worse for buyers? We thought the record-low housing inventory would begin to normalize […]
A new Fannie Mae survey shows only 25% of respondents believe now is a good time to buy a house—a new record low. (On the flip side, 69% of respondents believe now is a good time to sell—a record high since 2010.) The sentiment suggests now is just about the worst time to buy. But […]
Astronomical price growth defined the Long Island real estate market over the past 18 months. Homes sold for way above market value under the extraordinary circumstances of the COVID-19 pandemic, where flocks of residents migrated from densely populated NYC apartments to spacious, suburban Long Island homes. In fact, 14.6% of migrating Manhattan dwellers landed right […]
“Normal” is one of the last words to describe the Long Island housing market—and life in general—over the past two years. However, we’ll be a little closer to normal in 2022, especially as the busy season in real estate—the spring—rounds the bend. Buyers can still expect an uphill battle—just not as steep as in 2021 […]
The 38th largest community in New York scattered with 38 zip codes, Centereach is a medium-sized town with a population of 31,778 including a diverse mix of white- and blue-collar workers. And there are fabulous reasons for you to explore Centereach homes for sale. Centereach at a glance A great place for families to call […]
Today, Long Island homebuyers must spend more, move faster, and select from a vastly smaller roster of listings than a decade ago. The median sale price for a Long Island home rose 60% from $350,000 in 2012 to $560,000 in 2021. The average home stayed on the market for 54 days last year, which is […]
Looking back on 2021, we experienced a year as turbulent as the one before. Supply chain breakdowns, a volatile political climate, and the ongoing COVID-19 pandemic created ripples felt across virtually every American city, household, and industry. What happened to real estate right here on Long Island was no exception. The first wave of the […]
Not every seller stages their home—and that gives you a unique opportunity to gain a leg up on the competition. Even small changes can help to showcase your home’s best assets, impress potential buyers, and sell your home faster for a higher price. One of the best things about staging your Suffolk County home is […]
Most of us can still feel the fear and uncertainty behind everyday life—and the economy, stock market, and Long Island housing market are no exceptions. No one can predict the road ahead. However, the past two years give us more experience with some sense of what to expect. For homebuyers planning to make their move […]
Higher prices are almost everywhere in America—not just across Long Island. Inflation is rising, impacting everything from gasoline and health care to groceries and rent—including the cost of buying a home. Aggressive inflation without a counterbalanced growth in salaries and income—which is often the case today—means less money to spend on your mortgage every month. […]
