The last few months have seen a slow and steady decline in the number of single family home sales in both Nassau and Suffolk counties, with year-long lows in both areas. What’s causing the drop? It’s not just that inventory is low, which is the story in many other markets. In New York, we can’t… Read More
Good news home buyers and sellers in eastern Queens, Redfin now has a team covering eastern Queens led by Fernanda Forman. Fernanda Forman Serving Eastern Queens & Nassau County Homes Closed: 250+ The area in blue is where our brokerage services were available and continue to be available, the area in green is where… Read More
By MARCELLE S. FISCHLER Published: November 20, 2009 “In October, the number of contracted sales on Long Island totaled 3,061, up 48.5 percent over October 2008, when 2,061 homes sold, according to the Multiple Listing Service of Long Island. At the same time, prices are sliding, with the median at $360,200, a decrease of 6.4… Read More
The Foreclosure market is fast and furious, here on Long Island. Most of the time, these properties are attractively priced and appeal to those who are looking to get into the market, such as renters, first time home buyers and those who missed the chance to buy in the last time prices were at this… Read More
The 2nd quarter of 2009 produced the highest number of Lis Pendens Filings ever recorded. Both counties exceeded their previous highs, which were in the second quarter of 2008. See the complete LI RealEstateReport post here Read More
Schumer To Announce His Support For The Lighthouse Redevelopment … By New York RealEstateRama тАЬThe Lighthouse is is good for Long Island and good for New York. It will create jobs in the short term and — in the long term– it will transform an underutilized resource into a thriving sports-entertainment-business and residential hub that… Read More
On the south shore of Nassau County, N.Y., many Manhattan commuters are putting their houses up for sale because they’re worried about possible layoffs and high property taxes…Foreclosures are also piling up on the market, depressing prices and sales. see complete Philly.com story, where our Westchester Partner Agent, Phil Faranda, was quoted here Read More
Wow! Being a first time home buyer today is a pretty good place to be! With prices down to 2004 levels, mortgage interest rates down to all time lows (although they have been trending up recently) and the federal government providing an $8,000 grant, it really makes buying a home more affordable. Then, add in… Read More
Aqua condos wow Long Island Real Estate Group crowd | Real Estate … Long Island’s real estate elite were impressed by the Engel Burman Group’s latest residential development at its coming out party Wednesday. Brownstoner: Bank Predicts NYC Market to Fall Another 40 Percent If a certain bank analyst is to be believed, New York… Read More
We, at Redfin, don’t service Short Sales because most end up not going through after months of waiting on the banks to approve the deal. In the meantime, the buyer can miss out on other homes at today’s reduced prices… In the Region – Long Island – Short Sale, Long Wait – NYTimes.com Jun 7,… Read More