Babylon Area Gen Zs Homeownership Needs

2020 ushers in the end of a decade and with it comes a new pool of homebuyers. Gen Zs – born between 1995 and 2012, they are the oldest of the post millennial generation and are the most diverse in their racial and ethnic make-up. Babylon Area Gen Zs homeownership needs is an important conversation … Continued

The Housing Challenges on Long Island

As the decade draws to a close, let’s take a look back at some of the housing challenges of recent years on Long Island and the outlook for the upcoming years. Two big factors in housing prices are supply and demand.  Too much supply and housing prices will plummet.  Low supply creates scarcity.  Low supply … Continued

A Breakdown of Closing Costs for Buyers And Sellers In Long Island

When you buy a house, there are more costs than the down payment and the mortgage. And when you sell a house, there are costs then, too. Both buyers and sellers pay fees at closing.  Understanding closing costs can prevent surprises and unexpected financial challenges. Here’s a breakdown of closing costs for buyers and sellers … Continued

Median Home Price Exceed $400,000

Median Home Price Exceed $400,000 in Suffolk County, NY

The median home price for pending home sales exceeded $400,000 in Suffolk County, New York for the first time in over a decade. In May, the median home price for all residential property types in Suffolk County, NY was $405,000. This is a 3.8% increase from May 2018 when the median home price for houses … Continued

Babylon Homes

Sold Homes Report

Amityville, New York 11701 In Amityville, N.Y., 21 new houses were listed for sale in the month of April and 12 houses closed. Of the sold homes, 9 are in the Amityville School District and3 are in Copiague School District. The highest house sold for $875,000. The original list price was $899,000. This 5 bedroom, … Continued

Top Long Island Buyer and Seller Questions Answered

Buyers and sellers usually have a lot of questions they need to have answered throughout the process of conducting a real estate transaction. There are some differences, though, in the sets of questions asked. Buyers usually have questions for the seller while sellers typically have questions that only their agent can answer. So let’s examine … Continued

Fair Housing Law

Consumers need to be aware of the Fair housing laws governing the buying and selling of real estate. The Fair Housing Act, Title V111 of the Civil Rights Act of 1968 covers Fair Housing and provides laws and guidelines for the selling of real estate. Real estate agents as well as homeowners are prohibited from … Continued