The Real Estate industry has had to adapt due to the social distancing guidelines during the coronavirus pandemic. Showings of properties have gone from in-person to online, Agents, buyers, sellers and lenders now see each other on computer screens and electronic communications are being used to transmit the necessary paperwork Read more…
Nationally, the average mortgage payment has been falling, according to the United States Census Bureau. This has brought the average mortgage payment to around $1500 per month, which is only slightly higher than the average monthly rent payment.
Housing prices on Long Island have been on the rise for the past few years, due to a variety of factors. However, among the most significant factors in Long Island’s growing real estate prices is an ongoing inventory shortage in the housing market.
Nassau County saw a “Fall” in median home sales prices during the autumn season, albeit a small one. According to data from Multiple Listing Service of Long Island (MLSLI), prices fell for the third straight month in November to $534,100; that is down approximately 0.2% from October’s number of $535,000. Read more…
Looking to buy? Suffolk County home prices are affordable making the dream of homeownership possible. Suffolk County reported a closed median price of $365,000, which represents a 5.8% increase over a year ago. Take a look at the market report pictured above for Suffolk County to see what home prices Read more…
The number of homes available to first-time homebuyers has dropped 16.8% on Long Island from last March. Here are some tips when shopping for a home in a low-inventory market.
Many people think that not using a real estate agent will save them money, but keep in mind that it is unlikely that both the buyer and seller will reap the benefits of not having to pay commissions. There’s a lot of money involved and every penny counts. If your head starts spinning as soon as it’s time to roll up your sleeves and dive into the house search, you may be thinking about hiring a real estate agent. But is this a good move? Here are some things to consider.
Here are the current sold median home prices for Suffolk Country, courtesy of the Multiple Listing Service of Long Island. Contact us today if you are interested in buying or selling and would like to speak with a Real Estate Professional. Call us at 516-575-7500 or email us at info@crrli.net Read more…
Here are the current sold median home prices for Nassau County, courtesy of the Multiple Listing Service of Long Island. Contact us if you are interested in buying or selling and would like to speak with a Real Estate Professional. Call us at 516-575-7500 or email us at info@crrli.net
You’ve found the house you want! Now is the time to make an offer the seller can’t refuse. If you are thinking of making a low offer, think twice. It’s a sellers market, which means it’s a competitive market right now with other buyers bidding for the same house. If your competition outbids you, they will get the house.