If you have flood insurance on your home, listen up. The Federal Emergency Management Agency has begun charging a renewal surcharge on all flood insurance policies, effective April 1. The surcharge is $25 if the policy insures your primary residence and $250 if the insurance is for a second home. To be eligible for the lower surcharge, however, property owners mus fill … [Read more...] about What you need to do to avoid a $250 surcharge on your flood insurance policy
Real Estate
Lowest earners can’t afford even the least expensive homes
Home affordability among the least affluent third of Americans has worsened sharply over the past two years, as the housing market has recovered but incomes have not. The disparity has placed homeownership increasingly out of reach for working Americans whose wages are lowest, even if they shop for the least expensive homes on the market. Worsening housing affordability for … [Read more...] about Lowest earners can’t afford even the least expensive homes
Open houses this weekend across the North Fork
It's springtime on the North Fork, and that means it's house-hunting season! Visit these beautiful local homes this weekend as they hold open houses. See our full list of upcoming open houses on our North Fork real estate portal. Saturday, May 9 2350 North Private Road, Wading River: $484,990. 5 beds, 3 baths. 1.23 acres, master suite with balcony, new granite kitchen. 12-2 … [Read more...] about Open houses this weekend across the North Fork
Residents pack Mattituck Firehouse for presentation on proposed Route 25 development
A crowd of residents turned out last night to hear about a developer’s proposed plans for a parcel fronting Route 25 in Mattuck — and they came with questions. Over 60 residents attended a meeting of the Mattituck-Laurel Civic Association, held at the Mattituck Firehouse on Pike Street, to listen to Paul Pawlowski discuss his proposal for a zone change on a 20-acre parcel … [Read more...] about Residents pack Mattituck Firehouse for presentation on proposed Route 25 development
Return buyers expected to boost housing demand in coming years
Nearly a decade since the start of the foreclosure crisis, formerly distressed homeowners with restored credit are re-entering the housing market, but damaged credit profiles and lender overlays will greatly restrict the overall share of those eligible to buy, according to new research from the National Association of Realtors. California, Florida and Arizona are expected to … [Read more...] about Return buyers expected to boost housing demand in coming years