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47°
Sunday, apr 28
Tag:
Mortgage Interest Rates
Real Estate
Long Island Housing Market Enjoys First-Quarter Surge
Home sales are on the rise on Long Island so far this year, according to a Long Island Business News report. Houses pending sales in Nassau and Suffolk Counties are up by 6.5 percent in 2019's first quarter from what they were in the first quarter of 2018, said the article. The report said 7,131 homes were in sales contracts in both counties in 2019's first quarter, while 6,695 homes were in contracts to sell in 2018's first quarter. Long Island's housing performance is better than the national housing market, the report said. Lower interest on mortgages, more stable stock market and fair…