Despite various global and domestic hurdles hindering economic growth, steady job gains and stable leasing demand should help keep commercial real estate activity expanding in 2016, according to the authors of an annual report published jointly by Situs Real Estate Research Corporation, Deloitte and the National Association of Realtors. According to the report, Expectations … [Read more...] about Commercial real estate experts: moderate expansion, easing prices expected in 2016
Real Estate News
2015 real estate market year end report
The Multiple Listing Service of Long Island, Inc. released the 2015 year end housing figures for Long Island, which includes Nassau, Suffolk, and Queens Counties. MLSLI reported a $390,000 closed median home price for Long Island in 2015. The closed median home price represents a 5.1 percent increase over $370,900 reported for 2014. Suffolk County reported a year ending … [Read more...] about 2015 real estate market year end report
Assisted living facility proposed for Mill Road farmland will be subject of public hearing next month
A senior assisted-living facility proposed for a stretch of fallow farmland on Mill Road will be the subject of a public hearing February 17, as the facility’s developer tries to convince the town to move the property out of the agricultural protection zone. The 162-unit facility, which the developer has been trying to build on the property since 2010, would be located on the … [Read more...] about Assisted living facility proposed for Mill Road farmland will be subject of public hearing next month
Jamesport Fire Department chief urges homeowners to practice chimney safety in winter months
Chimneys are one of the most common locations of residential structure fires, and as temperatures plummet and more people turn to stoves and fireplaces to help heat their homes, local emergency officials would like to remind the public that its time to brush up on chimney safety. Jamesport Fire Department extinguished a chimney fire at a Peconic Bay Boulevard home on Monday. … [Read more...] about Jamesport Fire Department chief urges homeowners to practice chimney safety in winter months
U.S. home values gained $1.1 trillion, renters paid record $535 billion in 2015
The value of all homes nationwide grew $1.1 trillion in 2015, and is expected to end the year at $28.5 trillion total. The value of the entire housing stock grew 4.1 percent over the past year, slower than the 6 percent growth in 2014. The total value of all homes has regained $5.3 trillion since hitting its lowest point during the housing bust in December 2011, but is still … [Read more...] about U.S. home values gained $1.1 trillion, renters paid record $535 billion in 2015