Latest Long Island Real Estate News

10 Things to Know About Real Estate in 2010

Matt — Tue, 05 Jan 2010 17:15:09 +0000

Is 2010 the year to buy a house? It certainly looks that way: After a steep run-up in prices during the first half of the decade, home values have plummeted back to 2003 levels. Fixed mortgage rates are sitting near record lows. And the foreclosure epidemic--while painful for many home owners--has created some wonderful opportunities for bargain hunters. If that's not enough, Uncle Sam is handing out thousands of dollars in tax credits to nearly all first-time buyers and the bulk of existing home owners who close a purchase by June.

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Homebuyers sign 16% fewer contracts in November

Matt — Tue, 05 Jan 2010 17:11:37 +0000

NEW YORK (CNNMoney.com) -- Homebuyers abandoned the market in droves during November: They signed 16% fewer sales contracts than the month before.

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3 reasons home prices are heading lower

Matt — Tue, 05 Jan 2010 17:10:14 +0000

NEW YORK (CNNMoney.com) -- After four months of gains, home prices flattened in October. Worse yet, industry insiders think that they'll soon start to fall.

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"If You Don't Buy a House Now, You're Stupid or Broke"

Matt — Wed, 09 Dec 2009 20:35:44 +0000

Well, you may not be stupid or broke. Maybe you already have a house and you don't want to move. Or maybe you're a Trappist monk and have forsworn all earthly possessions. Or whatever. But if you want to buy a house, now is the time, and if you don't act soon, you will regret it. Here's why: historically low interest rates.

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Obama signs homebuyer, jobless bill assistance

Matt — Fri, 06 Nov 2009 21:03:26 +0000

WASHINGTON – President Barack Obama signed a $24 billion economic stimulus bill into law Friday, giving tax incentives to prospective homebuyers and additional jobless benefits to those idled by the business slump.

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Senate Approves Homebuyer Tax Credit Extension

Matt — Thu, 05 Nov 2009 16:36:54 +0000

The Senate voted today to pass an extension of the first-time homebuyer tax credit until April 2010.

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Home sales contracts rise for 8th straight month

Matt — Tue, 03 Nov 2009 20:57:38 +0000

NEW YORK (CNNMoney.com) -- The number of signed sales contracts to buy homes rose in September for the eighth straight month, according to a real estate industry report released Monday.

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Homebuyer Tax Credit May Be Approved Early Next Week, Reid Says

Matt — Sat, 31 Oct 2009 20:54:40 +0000

Oct. 30 (Bloomberg) -- Congress could approve extensions of an $8,000 first-time homebuyers’ tax credit and unemployment benefits as soon as Nov. 3, Senate Majority Leader Harry Reid said.

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Real Estate: Your local forecast

Matt — Wed, 21 Oct 2009 01:41:12 +0000

Real Estate Forecast: Nassau-Suffolk, Long Island, New York

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Homes: About to get much cheaper

Matt — Tue, 20 Oct 2009 23:56:05 +0000

NEW YORK (CNNMoney.com) -- If you thought home prices were bottoming out, you may be wrong. They're expected to head a lot lower.

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