by Pete Tomao | May 21, 2022 | Economy
Three years ago Long Island developer John Stumpf bought a former gardening center with plans to turn the site into four duplexes. The project would create much needed rental housing in a walkable neighborhood close to an LIRR station. But to build Stumpf would first...
by Pete Tomao | Apr 25, 2022 | Economy, Housing
Home prices have risen at record levels since the pandemic began, increasing 18.8% from December 2020- December 2021, a single year record. The new Case-Shiller housing indicator, which will be released on Tuesday, is expected to show continued growth in home...
by Pete Tomao | Apr 2, 2022 | Economy, Housing
Elisha Cleary, an Albany realtor, was tired of the headaches of renting—cramped space, uncertain rental prices and crazy neighbors. But she was a single parent, with one income. And as an immigrant and daughter of a single mother, she didn’t have family wealth to help...
by Pete Tomao | Apr 2, 2022 | Economy, Housing
Home prices continued to soar in January despite rising mortgage rates, as low inventory and high demand squeeze the housing market. Nationwide home prices increased 19.2% from January 2021 to January 2022, according to the S&P CoreLogic Case-Shiller housing...
by Pete Tomao | Mar 2, 2022 | Economy
Low inventory and high demand fueled historic gains for the real estate market in 2021. Nationwide home prices increased 18.8% from December 2020 to December 2021, according to the S&P CoreLogic Case-Shiller housing index. The gain is the highest in the index’s...
