Real Estate

The gap between rental costs and household income is widening to unsustainable levels in many parts of the country, and the situation could worsen unless new home construction meaningfully rises, according to new research by the National Association of Realtors. NAR reviewed data on income growth, housing costs and changes in the share of renter and owner-occupied households … [Read more...] about Accelerating Housing Costs Have Renters Feeling the Squeeze

Freddie Mac today released the results of its Primary Mortgage Market Survey showing average fixed mortgage rates moving lower for the first time in four weeks and remaining near late May, 2013 lows. News Facts 30-year fixed-rate mortgage averaged 3.75 percent with an average 0.6 point for the week ending March 5, 2015, down from last week when it averaged 3.80 percent. … [Read more...] about Mortgage rates dropping

With short-term rentals one of the most controversial topics on the North Fork and Riverhead right now, the room was packed yesterday at a breakfast hosted by the Long Island Board of Realtors at the Townsend Manor Inn in Greenport. According to Mary Ellen Ellwood, president of the North Fork chapter of LIBOR, panelists including Suffolk County Legislator Al Krupski, … [Read more...] about Town, county officials address rental issues, new county law at realtors’ breakfast